Closing Property Title Without Paying Taxes In Salt Lake
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FAQ
The exemption applies to your house and up to one acre of land. Apartments, condos and mobile homes also qualify. Up to one acre of land per residential unit qualifies for the primary residential exemption, IF used exclusively for residential purposes.
KEY TAKEAWAYS You can only deduct property taxes on your tax return if you take the itemized deduction. You can deduct up to $10,000 of state and local taxes — including property taxes — for single or married couples filing jointly and $5,000 for couples filing separately.
You may be eligible for the primary residential exemption if you occupy your home for 183 consecutive days or more in a calendar year.
Depending on their tax-filing status, Utah taxpayers can claim a 4.55% tax credit or deduction up to a certain limit per qualified beneficiary for contributions to their my529 account. See table below for specific information.
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.
Must be 75 years of age prior to January 1, 2026. Property Assessed Value must be no greater than 100% of the Salt Lake County Median Property Value OR must have owned the residence for a continuous 20 year period as of January 1, 2025.
