Proposal to Amend Utah Constitution - Property Tax

HJR 7 proposes a constitutional amendment to increase Utah's maximum residential property tax exemption from 45% to 55% of a home's fair market value. This change would directly affect residential property owners in Utah by potentially lowering their property tax burden. The amendment would allow the Utah Legislature to establish specific rules for implementing this exemption through future statutes. If approved by voters, the change would take effect on January 1, 2027.