Property owned, held, or acquired by a local building authority, including all rent or other payment due under a lease agreement, is exempt from all taxation in the state.
Utah Code § 17D-2-104
Local building authority property exempt from taxation
Enacted by Chapter 360, 2008 General Session
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.