Utah Code § 59-2-301.6 — Definition -- Assessment of property having a diminished productive value

(1) As used in this section, "diminished productive value" means that property has no, or a significantly reduced, ability to generate income as a result of:
(a) a parcel size requirement established under a land use ordinance or zoning map adopted by a:
(i) city or town in accordance with Title 10, Chapter 20, Part 5, Land Use Regulations - General Processes; or
(ii) a county in accordance with Title 17, Chapter 79, Part 5, Land Use Regulations - General Processes; or
(b) one or more easements burdening the property.
(2) In assessing the fair market value of property, a county assessor shall consider as part of the determination of fair market value whether property has diminished productive value.
(3) This section does not prohibit a county assessor from including as part of a determination of the fair market value of property any other factor affecting the fair market value of the property.