Pt-32, Veteran Or Blind Abatement Of Motor Vehicle Uniform Fees And Property Tax (Page 2 of 2) in pdf

Pt-32, Veteran Or Blind Abatement Of Motor Vehicle Uniform Fees And Property Tax Page 2

Page 2 - Veteran or Blind Abatement of Motor Vehicle Uniform Fees and Property Tax

PT-032 Rev 4-07

Uniform Fee on Personal Property Required to be Registered with the State

For purposes of the disabled veterans exemption and the blind exemption, the taxable value of tangible

personal property subject to a uniform fee under Section 59-2-405.1 and/or 59-2-405.2 is to be

calculated by dividing the uniform fee the tangible personal property is subject to by .015.

(Administrative Rule R884-24P-64)

As an example of how R884-24P-64 is to be applied to various tangible personal property, consider the

application of the Rule to passenger cars. The taxable value of passenger cars is derived by dividing the

applicable uniform fee by .015 and rounding to the nearest 10 as illustrated below:

Age of Passenger Car

Uniform Fee

Taxable Value

Less than 3 years

$150

$10,000

3 to 5 years

110

7,330

6 to 8 years

5,330

9 to 11 years

3,330

12 plus years

670

Likewise, the taxable value of other tangible personal property required to be registered with the state is

to be calculated by dividing the appropriate uniform fee as located in Section 59-2-405.2 of the Utah

Code by .015 and rounding to the nearest 10. Such personal property would include all-terrain vehicles,

street and other motorcycles, snowmobiles, campers, non-commercial trailers, personal watercraft, small

motor vehicles, tent and travel trailers, large and small personal watercraft and vessels (boats). These

fees are imposed based on age, except in the case of vessels where the fee is imposed based on the

length and the age of the vessel. If you have difficulty in calculating the taxable value for tangible

personal property required to be registered with the state, phone the Property Tax Division of the Utah

State Tax Commission (801) 297-3603.

Value-Based Uniform Fee or Property Tax Rates

♦ Heavy and medium duty trucks and commercial trailers-subject to a 1.5% Uniform Fee (.015)

♦ Vessels 31 Ft and longer (yachts and houseboats), are subject to a 1.5 % Uniform Fee (.015)

♦ Motor Homes are subject to a 1.25% Uniform Fee (.0125)

♦ Aircraft are subject to a .4% Uniform Fee (.004)

♦ Aerial Applicators are subject to a .2% Uniform Fee (.002)

Personal Property Subject to Ad Valorem Property Tax Rate

♦ Vintage Vehicles – local ad valorem property tax rate

♦ State-assessed commercial vehicles weighing 12,001 pounds or more (must register with USTC

Motor Carrier Services Section and property tax rate changes annually)

Pt-32, Veteran Or Blind Abatement Of Motor Vehicle Uniform Fees And Property Tax Page 2

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