KEY POINTS

The taxable value of Utah homes tripled over the past decade.

A tax rate freeze passed in 2018 led to increased property taxes.

Utah has the 14th highest tax burden in the country, one study found.

A Utah legislative audit report found that a “perfect storm” has led to an increase in property taxes for homeowners as Utah continues to have a higher overall tax rate than most Republican-led states.

Inflated home prices after the COVID-19 pandemic were identified as one of the primary drivers of increased property taxes, auditors told the state Revenue and Taxation Committee on Wednesday.

Over the past decade, the taxable value of Utah homes tripled from approximately $126 billion to $375 billion, while the number of new residential properties grew by just 200,000, an increas

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