Utah Sample Letter for Exemption of Ad Valorem Taxes
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How to fill out Sample Letter For Exemption Of Ad Valorem Taxes?
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FAQ
The primary residential exemption is a 45% property tax exemption on most homes in Utah. This means you only pay property taxes on 55% of your home's fair market value. You may be eligible for the primary residential exemption if you occupy your home for 183 consecutive days or more in a calendar year.
The abatement is 50 percent of the total tax for the current year, or a maximum of $1,186, whichever is less (see Utah Code §59-2-1803). File the application by September 1 with proof of home own- ership, income, disability and/or hardship, and other informa- tion your county requires.
Residential properties that serve as the property owner's or a tenant's primary residence for a minimum of 183 days per calendar year receive an exemption of 45% of fair market value. As a result, the primary residence is only assessed and taxed based on the remaining 55% of its fair market value.
Most homeowners in Utah receive a 45% exemption from property tax on their home (primary residence). A primary residence is defined as a home that serves as someone's primary domicile and is occupied for at least 183 consecutive days in a year.
General Information. The Utah State Constitution, Article XIII, § 3, allows County Assessors to exempt from taxation 45% of the fair market value of residential property and up to one acre of land. Statute defines residential property, for purposes of the exemption, to be a primary residence.
Most homeowners in Utah receive a 45% exemption from property tax on their home (primary residence). A primary residence is defined as a home that serves as someone's primary domicile and is occupied for at least 183 consecutive days in a year.
Property Tax Abatement Programs: Circuit Breaker - Age & income-based, 66 years old (or surviving spouse) with 2022 household income up to $38,369. County Hardship Abatement - 65 years old, or any age disabled, or any age in extreme hardship, with income and adjusted assets that do not exceed $38,369.
FindLaw Newsletters Stay up-to-date with how the law affects your life Code SectionUtah Code 78B-5-501, et seq.: Utah Exemptions ActMax. Property Value That May Be Designated 'Homestead'$5,000 if property is not primary personal residence, $20,000 if property is primary personal residenceMaximum Acreage (Urban)-1 more row