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Residential-exemption proposal fails after lengthy House debate on tax shifts
Summary
After extended floor debate about fairness and local assessor practices, the House rejected the second substitute to HB246, a bill that would have expanded the residential-property tax exemption to many homes on larger lots. Opponents warned the change would shift taxes to smaller-lot homeowners.
The Utah House debated and then rejected a second substitute to House Bill 246, a proposal to expand and clarify the residential-exemption rules for property-tax assessment on larger lots.
Representative Ford described the bill as correcting an inequity in assessment between small and large residential lots and said it would give county assessors tools to identify owners of secondary homes…
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