Section 59-2-301.2 - Definitions - Assessment of property subject to a minimum parcel size - Other factors affecting fair market value(1) "Minimum parcel size" means the minimum size that a parcel of property may be divided into under a zoning ordinance adopted by a: (a) county in accordance with Title 17, Chapter 27a, Part 5, Land Use Regulations; or(b) city or town in accordance with Title 10, Chapter 9a, Part 5, Land Use Regulations.(2) In assessing the fair market value of a parcel of property that is subject to a minimum parcel size of one acre or more, a county assessor shall include as part of the assessment: (a) that the parcel of property may not be subdivided into parcels of property smaller than the minimum parcel size; and(b) any effects Subsection (2)(a) may have on the fair market value of the parcel of property.(3) This section does not prohibit a county assessor from including as part of an assessment of the fair market value of a parcel of property any other factor affecting the fair market value of the parcel of property.Amended by Chapter 254, 2005 General Session.