In recent months, Utah policymakers have had discussions about reducing property taxes. The desire to reduce property taxes is largely a result of rapid increases in property values in 2006 and 2007, causing some homeowners to shoulder significant increases in property tax bills.
As these discussions ensue, it is valuable to review some data and information on Utah’s property tax, showing where the tax burden has been in past years and how Utah’s property tax compares to other states.