Section R884-24P-29 - Taxable Household Furnishings Pursuant to Utah Code Ann. Section 59-2- 1113(1) Except as provided in Section 59-2-1115, household furnishings, furniture, and equipment are subject to property taxation if: (a) the owner of the dwelling unit commonly receives legal consideration for its use, whether in the form of rent, exchange, or lease payments; or(b) the dwelling unit is held out as available for the rent, lease, or use by others.(2) Household furnishings, furniture, and equipment that meet the definition of qualifying exempt primary residential rental personal property in Section 59-2-102: (a) qualify for the primary residential exemption under Section 59-2-103; and(b) are valued for tax under this chapter by: (i) calculating the value of the personal property using the tables in Tax Commission rule R884-24P-33; and(ii) multiplying the value calculated under Subsection (2)(b)(i) by 0.55.Utah Admin. Code R884-24P-29