Utah HJR007 proposes to amend the Utah Constitution to allow the Legislature to exempt up to 60% of the fair market value of residential property.

Utah HJR007 proposes to amend the Utah Constitution to authorize the Legislature to exempt up to 60% of the fair market value of residential property from property tax. The amendment also includes provisions for exempting various types of property from property tax, such as property owned by the State, primary residences of military personnel on federal active duty, and property used for religious, charitable, or educational purposes. If approved by voters, the amendment would take effect on January 1, 2027.

Utah HJR007 proposes to amend the Utah Constitution to allow the Legislature to exempt up to 60% of the fair market value of residential property.

Utah HJR007 proposes to amend the Utah Constitution to authorize the Legislature to exempt up to 60% of the fair market value of residential property from property tax. The amendment also includes provisions for exempting various types of property from property tax, such as property owned by the State, primary residences of military personnel on federal active duty, and property used for religious, charitable, or educational purposes. If approved by voters, the amendment would take effect on January 1, 2027.