The earning potential for an individual in the middle of their career is much different than that of a retiree. Income drops and becomes fixed instead of steadily increasing. This leads to homeowners who are “house rich” and...
With or without the effects of COVID-19, Utah seniors need targeted relief from the increasing burden of property taxes.
This bill would require counties to make property tax deferrals available to anyone over the age of 65 who owns a home valued below $500,000.
Property tax deferrals for seniors could help homeowners enjoy their property in the twilight of their lives.
Limited and Open Government
We will leave discussions about your withholdings to your tax accountant, but we can try to help you understand what has been going on with state taxes in Utah.
Meaningful reform to the tangible personal property tax was achieved via HB 231.
Utah had half a billion tax dollars in surplus. But the money was quickly spent, and then followed by a tax increase. Why?
This bill would create a massive property tax increase by freezing the basic rate. By 2022, it would balloon to over $125 million in added taxes per year.
For as long as anyone can remember, Utah has either had a shortage of water or has been in danger of having one. This comes as no surprise considering Utah’s arid climate. Periodically a public conservation campaign, funded by...