Utah Governor Signs Law Amending Property Tax Provisions Relating to Homeowners’ Associations

The Utah Governor March 21 signed a law amending certain property tax provisions relating to homeowners’ associations. The law includes measures: 1) clarifying the process by which a county assessor may assess a common area for property tax purposes; 2) providing a process by which a homeowners’ association may sell the common areas located within the homeowners’ association; 3) modifying the rights of a board member of a nonprofit corporation to inspect and copy records; and 4) defining terms and making technical and conforming changes. The law takes effect May 1. [/UT\FINAL\2024R1SB204///, enacted 03/21/24]

Reference: View Bill ...