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Level 1
April 14, 2026
Question

I own two homes so do I answer yes to State's Property Owner's Residential Exemption Termination Declartion? Family lives in it and it is not considered a rental

  • April 14, 2026
  • 1 reply
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1 reply

Level 15
April 14, 2026

It depends on what state you are trying to claim the State's Property Owner's Residential Exemption Termination Declaration'. If you are in Utah (UT) see the information here:

  • This declaration is used by Utah residential property owners to notify the county assessor that they no longer qualify for the primary residential exemption (homeowner's exemption) authorized under Utah Code Section 59-2-103.
  • Statute defines residential property, for purposes of the exemption, to be a primary residence. A primary residence does not include property used for transient residential use, or condominiums used in rental pools.
    • Purpose: It is used when a property previously claimed as a primary residence no longer qualifies (e.g., it becomes a second home, rental, or is sold).
    • Requirement: Property owners must notify the county within 90 days of receiving a notice from the assessor if they are no longer entitled to the exemption.
    • Exemption Amount: The primary residential exemption in Utah allows for a 45% reduction in property tax on the primary residence.
    • Rebuttable Presumption: Claiming this exemption creates a 'rebuttable presumption' that the owner is domiciled in Utah for income tax purposes, meaning their worldwide income may be subject to Utah state income tax.

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