(1)

1. (a) A taxpayer dissatisfied with the valuation or the equalization of the taxpayer's real property may make an application to appeal by:

   1. (i) filing the application with the county board of equalization within the time period described in Subsection (2); or
   2. (ii) making an application by telephone or other electronic means within the time period described in Subsection (2) if the county legislative body passes a resolution under Subsection (7) authorizing a taxpayer to make an application by telephone or other electronic means.
2. (b) The county board of equalization shall make a rule describing the contents of the application.

(2)

1. (a) Except as provided in Subsection (2)(b) and for purposes of Subsection (1), a taxpayer shall make an application to appeal the valuation or the equalization of the taxpayer's real property on or before the later of:

   1. (i) September 15 of the current calendar year; or
   2. (ii) the last day of a 45-day period beginning on the day on which the county auditor provides the notice under Section 59-2-919.1.
2. (b) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the commission shall make rules providing for circumstances under which the county board of equalization is required to accept an application to appeal that is filed after the time period prescribed in Subsection (2)(a).

(4) In reviewing evidence submitted to a county board of equalization by or on behalf of an owner or a county assessor, the county board of equalization shall consider and weigh:

1. (a) the accuracy, reliability, and comparability of the evidence presented by the owner or the county assessor;
2. (b) if submitted, the sales price of relevant property that was under contract for sale as of the lien date but sold after the lien date;
3. (c) if submitted, the sales offering price of property that was offered for sale as of the lien date but did not sell, including considering and weighing the amount of time for which, and manner in which, the property was offered for sale; and
4. (d) if submitted, other evidence that is relevant to determining the fair market value of the property.

(5)

1. (a) The county board of equalization shall meet and hold public hearings as described in Section 59-2-1001.

2. (b)

   1. (i) For purposes of this Subsection (5)(b), "significant adjustment" means a proposed adjustment to the valuation of real property that:

      1. (A) is to be made by a county board of equalization; and
      2. (B) would result in a valuation that differs from the original assessed value by at least 20% and $1,000,000.

   2. (ii) When a county board of equalization is going to consider a significant adjustment, the county board of equalization shall:

      1. (A) list the significant adjustment as a separate item on the agenda of the public hearing at which the county board of equalization is going to consider the significant adjustment; and
      2. (B) for purposes of the agenda described in Subsection (5)(b)(ii)(A), provide a description of the property for which the county board of equalization is considering a significant adjustment.
3. (c) The county board of equalization shall make a decision on each appeal filed in accordance with this section within 60 days after the day on which the taxpayer makes an application.
4. (d) The commission may approve the extension of a time period provided for in Subsection (5)(b) for a county board of equalization to make a decision on an appeal.

5. (e) Unless the commission approves the extension of a time period under Subsection (5)(d), if a county board of equalization fails to make a decision on an appeal within the time period described in Subsection (5)(c), the county legislative body shall:

   1. (i) list the appeal, by property owner and parcel number, on the agenda for the next meeting the county legislative body holds after the expiration of the time period described in Subsection (5)(c); and
   2. (ii) hear the appeal at the meeting described in Subsection (5)(e)(i).

6. (f) The decision of the county board of equalization shall contain:

   1. (i) a determination of the valuation of the property based on fair market value; and
   2. (ii) a conclusion that the fair market value is properly equalized with the assessed value of comparable properties.
7. (g) If no evidence is presented before the county board of equalization, the county board of equalization shall presume that the equalization issue has been met.

8. (h)

   1. (i) If the fair market value of the property that is the subject of the appeal deviates plus or minus 5% from the assessed value of comparable properties, the county board of equalization shall adjust the valuation of the appealed property to reflect a value equalized with the assessed value of comparable properties.
   2. (ii) Subject to Sections 59-2-301.1, 59-2-301.2, 59-2-301.3, and 59-2-301.4, equalized value established under Subsection (5)(h)(i) shall be the assessed value for property tax purposes until the county assessor is able to evaluate and equalize the assessed value of all comparable properties to bring all comparable properties into conformity with full fair market value.