Utah Value of undeveloped land is an assessment method used by the Utah State Tax Commission to determine the value of vacant and unimproved land for taxation purposes. The Utah Value of undeveloped land is determined by assessing the market value of the land based on prices of comparable sales in the local area. The Utah Value of undeveloped land can be broken into four types: Agricultural, Residential, Commercial/Industrial, and Mineral/Oil/Gas. Agricultural land values are based on the land’s potential for producing crops and livestock, while residential land values are based on the potential for development into residential dwellings. Commercial/Industrial land values are based on the potential for development into commercial and industrial properties, and Mineral/Oil/Gas land values are based on the potential for the development of mineral, oil, and gas resources.
Utah Value of undeveloped land
Description
How to fill out Utah Value Of Undeveloped Land?
US Legal Forms is the most straightforward and affordable way to find suitable legal templates. It’s the most extensive web-based library of business and personal legal documentation drafted and checked by legal professionals. Here, you can find printable and fillable blanks that comply with national and local regulations - just like your Utah Value of undeveloped land.
Getting your template requires just a couple of simple steps. Users that already have an account with a valid subscription only need to log in to the website and download the form on their device. Afterwards, they can find it in their profile in the My Forms tab.
And here’s how you can get a professionally drafted Utah Value of undeveloped land if you are using US Legal Forms for the first time:
- Read the form description or preview the document to make sure you’ve found the one corresponding to your requirements, or find another one using the search tab above.
- Click Buy now when you’re sure of its compatibility with all the requirements, and choose the subscription plan you like most.
- Create an account with our service, sign in, and pay for your subscription using PayPal or you credit card.
- Choose the preferred file format for your Utah Value of undeveloped land and save it on your device with the appropriate button.
Once you save a template, you can reaccess it whenever you want - just find it in your profile, re-download it for printing and manual completion or import it to an online editor to fill it out and sign more proficiently.
Take advantage of US Legal Forms, your reliable assistant in obtaining the required formal paperwork. Try it out!
Form popularity
FAQ
Over the last 20 years, the price of farmland per acre in utah has risen by an average of 2.7% per year to $4,040 per acre as of 2019. This represents an increase of $1,420 per acre of farmland over this time period.
The 2022 Utah average farmland real estate value, a measurement of the value of all land and buildings on farms, was $2,810 per acre. This is an increase of 7.3 percent from 2021 and 14.7 percent from 2020. The average value of cropland was $4,550, up 8.6 percent from 2021.
The Federal Government The largest landowner in Utah is the federal government, which owns over 60% of the state's land, including national parks, forests, and wildlife refuges.
In terms of its size, Utah is the country's 13th-largest state, encompassing 84,904 square miles (54 million acres).
Approximately 71 percent of Utah consists of public lands managed by federal or state agencies.
10 of the Cheapest Places to Buy Land in the U.S. Mohave County, Arizona.Kanosh, Utah.Valencia County, New Mexico.Fort Hancock, Texas.Royalton, Kentucky. Photo: istockphoto.com.Edwards, Missouri. Photo: istockphoto.com.Sun Valley, Arizona. Photo: istockphoto.com.Deming, New Mexico. Photo: istockphoto.com.
Officially, it is 43,560 square feet, and a football field is 48,000 square feet. Our standard acre isn't the same worldwide. Irish and Scottish acres are bigger than those in the US.