Circuit Breaker Tax Abatement
Benefits
- Obtain a reduction or abatement of property taxes on your principal residence equivalent to a 20% reduction in fair market value of your property.
- Obtain a credit of up to $798 against taxes due on a principal residence.
Eligibility Requirements
- You must be the owner of record as of January 1 of the application year.
- You must live in the state of Utah for the entire calendar year.
- You must be age 65 prior to January 1 of the next calendar year.
- Household income (i.e. all income received by all persons of a household for the year prior to the application year) of not more than the amount provided for in statute. See table for income amounts.
- You must not be claimed as a dependant on any other individual's tax return.
- You must file an application with the SLC0 Treasurer by September 4, 2007.
Circuit Breaker Tax Abatement Table for 2007
| If 2006 household income is: |
2007 Homeowner's credit is: |
|
$0 |
— $9,159 |
$798 |
|
$9,160 |
— $12,214 |
$696 |
|
$12,215 |
— $15,266 |
$597 |
|
$15,267 |
— $18,139 |
$447 |
|
$18,320 |
— $21,374 |
$348 |
|
$21,375 |
— $24,246 |
$199 |
|
$24,247 |
— $26,941 |
$98 |
|
$26,942 |
|
$0 |
If after reviewing this information you believe you qualify for this or one of the other relief programs, contact the SLCo Treasurer's Office at 801 468-3400 and select option 1 to reach the Tax Relief Division.
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