Utah Administrative Code
Topic - Tax Commission
Title R884 - Property Tax
Rule R884-24P - Property Tax
Section R884-24P-29 - Taxable Household Furnishings Pursuant to Utah Code Ann. Section 59-2- 1113
Universal Citation: UT Admin Code R 884-24P-29
Current through Bulletin 2024-18, September 15, 2024
(1) Except as provided in Section 59-2-1115, household furnishings, furniture, and equipment are subject to property taxation if:
(a) the owner of the dwelling
unit commonly receives legal consideration for its use, whether in the form of
rent, exchange, or lease payments; or
(b) the dwelling unit is held out as
available for the rent, lease, or use by others.
(2) Household furnishings, furniture, and equipment that meet the definition of qualifying exempt primary residential rental personal property in Section 59-2-102:
(a) qualify for the primary residential
exemption under Section
59-2-103;
and
(b) are valued for tax under
this chapter by:
(i) calculating the value of
the personal property using the tables in Tax Commission rule
R884-24P-33;
and
(ii) multiplying the value
calculated under Subsection (2)(b)(i) by 0.55.
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