AGENCY: Utah State Tax Commission. Property Tax Division
SERIES: 6611
TITLE: Assessment sales ratio study work papers
DATES: i 1984-
ARRANGEMENT: Chronological, thereunder alphabetical by county.
DESCRIPTION: These records document assessed values and actual sales prices of properties. UCA 59-2-704(1)(1990), requires the Tax Commission to conduct studies "of the relationship between the value shown on the assessment roll and the market value of the property to determine assessment-sales ratios for taxable real property." UAC R884-24-34P(1990), describes the use of appraisal information in conjunction with UCA 59-2-704(1990). Contains assessment data report, real property transfer survey, and copies of warranty deeds. Also includes name and address of buyer and seller of property; address of property sold; date of sale; sale price and down payment amount, type of sale (court order, sale between relatives, etc.); category of property (vacant land, residence, etc.); whether use of property changed; if personal property was included in sale; financing type; if real estate broker and/or agent was used; reasons why sale may has been less than fair market value; page in county where transaction was recorded; property serial number; and description of property.
RETENTION
Retain for 5 year(s)
DISPOSITION
Destroy.
RETENTION AND DISPOSITION AUTHORIZATION
Retention and disposition for this series were specifically approved by the State Records Committee.
APPROVED: 11/1986
FORMAT MANAGEMENT
Paper: Retain in Office for 2 years and then transfer to State Records Center. Retain in State Records Center for 3 years and then destroy.
Computer data files: Retain in Office for 5 years and then erase.
APPRAISAL
Administrative Legal
This disposition is based on work papers are valuable in the event of reassessment difficulties. A five year retention is deemed necessary.
PRIMARY DESIGNATION
Protected. UCA_63G-2-305(13)_(2008)