Escrow & Title
Utah does NOT impose a real estate transfer tax, which means:
ABuyers pay a documentary stamp tax instead
BThere is no state-level tax on the transfer of real property in Utah✓ Correct
CCounties collect a 1% transfer tax on all sales
DOnly commercial transactions are exempt from transfer taxes
Explanation
Unlike many states, Utah has no state-level real estate transfer tax. This makes Utah more favorable for real estate transactions, as buyers and sellers do not pay a percentage of the sale price to the state upon transfer of ownership.
Related Utah Escrow & Title Questions
- A trustee's deed in Utah is typically used to convey property sold at:
- A quitclaim deed is used most often to:
- A preliminary title report (title commitment) in a Utah transaction:
- A lis pendens is a recorded notice that:
- A lis pendens recorded against a Utah property signals that:
- A subordination agreement in Utah real estate allows:
- In Utah, the standard for 'marketable title' means title that is:
- A deed of trust in Utah differs from a mortgage primarily because:
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →