The Primary Residence Exemption removes 45% of your home's fair market value from taxation — so property taxes are calculated on only 55% of market value. Misclassified primary residences are one of the largest and most common savings opportunities in Summit County.
The Utah Primary Residence Exemption is straightforward but widely misunderstood. Here's exactly how it works for Summit County property owners.
Full market value — $1,500,000
Taxed on $825,000 — saving on $675,000 of value
45% of market value is exempt
The county removes 45% of your primary residence's fair market value before calculating taxes.
Taxes calculated on 55% of value
If your home's market value is $1M, you're taxed on $550,000 — not $1M.
Applies to residence + up to 1 acre
The exemption covers your home and up to one acre of land. Additional acreage is taxed at full value.
One primary residence per household
Married couples or households can only claim one primary residence exemption.
Misclassified properties — taxed as secondary when they're actually your primary residence — are one of the most common and largest savings opportunities in Summit County. Many homeowners don't realize they're overpaying by thousands each year simply because of an incorrect classification.