Application For Residential Homestead Exemption For 2023 In Utah
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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 exemption applies to your house and up to one acre of land. Apartments, condos and mobile homes also qualify.
Filing Requirements Homeowners and mobile homeowners must submit a completed application to their local county government by September 1. Renters must file application form TC-40CB and submit the completed form to the Utah State Tax Commission (210 N 1950 W, Salt Lake City UT 84134) by December 31.
A decedent's surviving spouse is entitled to a homestead allowance of $22,500. If there is no surviving spouse, each minor child and each dependent child of the decedent is entitled to a homestead allowance amounting to $22,500 divided by the number of minor and dependent children of the decedent.
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 exemption applies to your house and up to one acre of land. Apartments, condos and mobile homes also qualify.
Though Utah has no estate tax, there is still a federal estate tax to think about. If your estate is large enough, the federal government may tax your estate after you die. There is an $13.99 million exemption for the federal estate tax in 2025, up from $13.61 in 2024.
Understanding the Estate Tax Exemption The exemption rose to $11.4 million for 2019, $11.58 million for 2020, $11.7 million for 2021, $12.06 million for 2022, $12.92 million for 2023 an $13.61 million for 2024.
You may be eligible for the primary residential exemption if you occupy your home for 183 consecutive days or more in a calendar year.
