UT HB0441

Closing agents must submit a declaration to the Multicounty Appraisal Trust within 10 days of closing on commercial real property sales, including buyer/seller names, parcel numbers, legal description, sales price, and transfer date

Residential properties (single-family and two-to-four family residences) are excluded from the disclosure requirement, along with numerous other transfer types such as gifts, trusts, eminent domain, and family transfers

Sales price information shared with the State Tax Commission or county assessors is classified as private under GRAMA but may be disclosed to parties in property valuation appeals who sign non-disclosure agreements

County assessors cannot use declaration data as the sole basis for assessing a specific property but may use it to support market values across their jurisdiction and in valuation appeals

Effective date is May 6, 2026