Greater Park City Real Estate Blog - Cindy Wallace

Park City Property Taxes & Primary Residence Tax Exemption

Posted by Cindy Wallace on November 26th, 2024

Park City Property Taxes: A Must-Know for Luxury Home Buyers

Park City is a highly desirable place for property owners looking to relocate or purchase a second home. But with homeownership comes the responsibility of understanding local property tax laws — and over the past 25+ years of helping clients buy and sell real estate in Summit and Wasatch Counties, I've heard just about every property tax question imaginable. One of the most common, especially from out-of-state buyers, is: "What is the property Tax Rate in Utah?"

How Property Taxes are Calculated in Utah

Plus: Why Tax Rates Vary Across Park City and Summit County Neighborhoods.
In Utah, property taxes are a joint effort between the state and local counties. While the state provides…

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2034 Winter Olympics: What It Means for Park City Real Estate

Posted by Cindy Wallace on July 25th, 2024

It’s Official – The 2034 Winter Olympic Games are Coming to Utah!

On July 24, 2024, the International Olympic Committee (IOC) awarded the 2034 Winter Olympics and Paralympic Games to Salt Lake City, Utah. This long-anticipated decision is a historic moment for the state and an exciting announcement for us Parkites, evoking cherished memories of the 2002 games.

Fun Times in 2002 Living in Park City

Living in Park City during the 2002 Winter Olympics was an unforgettable experience. My real estate office was on Main Street in Park City, right in the hub of the celebrations, directly across from what was at the time the historic location of the Kimball Art Center. Every evening, a stage set up in front of the Art Center hosted music concerts and…

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Where Are Short-Term Vacation Rentals Allowed in Park City?

Posted by Cindy Wallace on April 18th, 2023

Where Are Short-Term Vacation Rentals Allowed Near Park City?

If you're considering buying a property in the Park City area that you can enjoy part-time and rent out when you're away, it’s essential to know where short-term rentals are actually allowed. Just because a home is advertised as vacation-rental friendly doesn't necessarily mean it's legally in compliance. Knowing where nightly rentals are permitted can help protect your investment and avoid future issues.

Local regulations, HOA rules, and CCRs (Covenants, Conditions & Restrictions) determine what is and isn’t allowed. Property owners can face fines or lose rental privileges if their home isn't in an approved short-term rental area. That’s why it’s smart to buy in a neighborhood where…

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