First, Utah has no Prop 13. There's no reassessment to what you paid — every home is valued at market value every year, as of January 1. So a tax figure pulled from 2024 has two years of drift baked into it. Second, and this is the bigger swing: the primary residential exemption takes 45% off a home's value, so a primary residence is taxed on 55% of it. Only one household can claim that exemption in the entire state. If the exemption status changes between the seller and you, the bill moves a lot. Where the real number lives: your county assessor or treasurer's parcel search, or have your title company pull it. Ask for the current year's assessed value and the tax rate for that specific tax area — not last year's bill. One clarification on the $3,000: that's an estimate of what these buyers would be paying, not a figure off an actual bill. #utahrealestate #propertytaxes #homebuyingtips #utahhomes #firsttimehomebuyer Kelsey Earl, journalist turned Realtor, born and raised in Utah, Salt Lake to St. George, 801-419-8917, [email protected], Your lifelong friend in real estate 🌟
I am Kelsey Earl, a Realtor with Keller Williams South Valley serving Herriman and the south Salt Lake Valley — and Washington County when it is time. Every video starts as a question someone sent me.
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Serving Herriman and the south Salt Lake Valley — South Jordan, Daybreak, Riverton, Bluffdale, Draper and Salt Lake City. And Washington County — St. George, Washington City, Hurricane, Ivins and Santa Clara.