As used in articles 37 to 39 of this title 38, unless the context otherwise requires: (1) "Agricultural property" means property, none of which, on the date of recording of the deed of trust or other lien or at the time of the recording of the notice of election and demand or lis pendens, is: (a) Platted as a subdivision; (b) Located within an incorporated town, city, or city and county; or (c) Valued and assessed as other than agricultural property pursuant to sections 39-1-102 (1.6)(a) and 39-1-103(5)