Property Tax Circuit Breaker

State

Utah

Year

2006

Variations in Receipt of Benefit

Benefit Varies with Income

Benefit Type

Circuit Breaker

Benefit

For homeowners, relief is determined according to seven brackets based on income, with the maximum eligible income being $26,158. For homeowners an additional credit is available equal to the taxes on 20% of the home value. For renters, relief declines from 9.5% to 2.5% as income rises. The benefit is disbursed as a property tax credit for homeowners and as a direct rebate for renters. For homeowners and renters, the maximum relief in 2006 is $697.

How is Benefit Disbursed

Credit to the property tax bill

Eligible Property Type

Residential

Characteristics of Eligible Property

Only residential property is eligible for this program.

Eligibility Criteria

Age

Homeowner

Income Ceiling

Renter

Surviving Spouse

Description of Eligibility Criteria

Homeowners, mobile homeowners, and renters who are 65 years of age or older as of December 31 whose household income is less than $26,158 in 2005 are eligible to apply in 2006. Surviving spouses of any age are also eligible. For the credit, the applicant must be born on or before December 31, 1942 and is 65 years or older. Going forward, the age requirement will increase to 66 for those born between 1943 and 1959 and 67 for those born on or after January 1, 1960.

Local Option in Adoption of Program

Local government is unable to exercise an option

Local Option Regarding Program Features

No local option regarding program features

State Funding for Local Tax Loss

State reimburses all of the local government tax loss

Description of State Funding for Tax Loss

For renters, the applicant files directly with the State Tax Commission and it mails a payment directly to the applicant. For homeowners, the applicant files with the county. The county grants the credit and is reimbursed by the state.

Enrollment Data

In 2006, the state provided funding for this program totaling $5,061,949.

Record ID

UT105_RR06

Footnotes

The renter’s credit may be claimed only for rent that does not constitute a “rental assistance payment.”

Sources

Utah Code § 59-2-1202 ~ § 59-2-1209 (in effect for 2006)
Source Constitution: 
Utah Const. art. XIII, § 3 (in effect for 2006)
Property Tax Abatement, Deferral and Exemption Programs for Individuals (2005) Utah State Tax Commission Publication 36 [http://web.archive.org/web/20060810222317/http://www.tax.utah.gov/forms/pubs/pub-36.pdf Accessed 03/19/2012] View Archived Source

Utah Property Tax 2006 Annual Statistical Report (2007) Utah Department of Revenue [http://propertytax.utah.gov/finalannualstats/2006annual.pdf Accessed 12/31/2009] View Archived Source

Join Our Mailing List

Back to top