# Utah Code § 59-2-103: Rate of assessment of property -- Residential property

> Utah · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_103

## Section

- **Citation:** Utah Code § 59-2-103
- **Heading:** Rate of assessment of property -- Residential property
- **Jurisdiction:** Utah
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Utah Code / Title 59 / Chapter 59-2 / § 59-2-103

## Text

(1) As used in this section: (a) (i) "Household" means the association of individuals who live in the same dwelling, sharing the dwelling's furnishings, facilities, accommodations, and expenses. (ii) "Household" includes married individuals, who are not legally separated, who have established domiciles at separate locations within the state. (b) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the commission may make rules defining the term "domicile." (2) All tangible taxable property located within the state shall be assessed and taxed at a uniform and equal rate on the basis of its fair market value, as valued on January 1, unless otherwise provided by law. (3) Subject to Subsections (4) through (6) and Section 59-2-103.5, for a calendar year, the fair market value of residential property located within the state is allowed a residential exemption equal to a 45% reduction in the value of the property. (4) Part-year residential property located within the state is allowed the residential exemption described in Subsection (3) if the part-year residential property is used as residential property for 183 or more consecutive calendar days during the calendar year for which the owner seeks to obtain the residential exemption. (5) No more than one acre of land per residential unit may qualify for the residential exemption described in Subsection (3). (6) (a) Except as provided in Subsections (6)(b)(ii) and (iii), a residential exemption described in Subsection (3) is limited to one primary residence per household. (b) An owner of multiple primary residences located within the state is allowed a residential exemption under Subsection (3) for: (i) subject to Subsection (6)(a), the primary residence of the owner; (ii) each residential property that is the primary residence of a tenant; and (iii) subject to Subsection 59-2-103.5(4), each residential property described in Subsection 59-2-102(35)(b)(ii).

## Nearby sections

- [Utah Code § 59-2-102 § 59-2-102. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_102.md)
- [Utah Code § 59-2-103 § 59-2-103. Rate of assessment of property -- Residential property.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_103.md)
- [Utah Code § 59-2-103.5 § 59-2-103.5. Procedures to obtain an exemption for residential property -- Procedure if property owner or property no longer qualifies to receive a residential exemption.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_103.5.md)
- [Utah Code § 59-2-104 § 59-2-104. Situs of property for tax purposes.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_104.md)
- [Utah Code § 59-2-105 § 59-2-105. Situs of public utilities, bridges, ferries, and canals.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_105.md)
- [Utah Code § 59-2-107 § 59-2-107. Classes of personal property -- Rulemaking authority.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_107.md)
- [Utah Code § 59-2-109 § 59-2-109. Burden of proof.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_109.md)
- [Utah Code § 59-2-109.1 § 59-2-109.1. Burden of proof for an appeal involving property eligible for deferral for 2023.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_109.1.md)
- [Utah Code § 59-2-110 § 59-2-110. Designation of person to receive notice.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_110.md)
- [Utah Code § 59-2-201 § 59-2-201. Assessment by commission -- Determination of value of mining property -- Determination of value of aircraft -- Notification of assessment -- Local assessment of property assessed by the unitary method -- Commission may consult with county.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_201.md)
- [Utah Code § 59-2-202 § 59-2-202. Statement of taxpayer -- Extension of time for filing -- Assessment without statement -- Penalty for failure to file statement or information -- Waiver, reduction, or compromise of penalty -- Appeals.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_202.md)
- [Utah Code § 59-2-203 § 59-2-203. Record of assessment of railroads and other companies -- Review by county assessor.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_203.md)
- [Utah Code § 59-2-204 § 59-2-204. Record of assessment of public utility and air travel companies -- Review by county assessor.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_204.md)
- [Utah Code § 59-2-205 § 59-2-205. Record of assessment of mines -- Review by county assessor.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_205.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_103. Check the current official text before relying on it. Not legal advice.