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Tag: Property Taxes

tax

1031 Timing, reverse exchanges can go in either direction.

Under Internal Revenue Code Section 1031, real property held for productive use in a trade or business or for investment may be exchanged and capital gain taxes deferred through a delayed exchange, which requires the taxpayer to sell the relinquished…

Utah Greenbelt

What is Greenbelt, and do you qualify?

What is GREENBELT? The Utah Farmland Assessment Act (FAA) or Greenbelt Act allows qualifying agricultural property to be assessed and taxed based upon its productive capabilities instead of the prevailing market value. Land in close proximity to expanding urban areas,…

Salt Lake County Taxes

Salt Lake County NOTICE OF PROPOSED TAX INCREASE

Salt Lake County issued notices for the following cities regarding property tax increases. ————— The following entities are proposing to increase property tax revenues within Salt Lake County. Data is based on a county-wide average value of $251,000. The same…