Park City Council Approves Enhanced Homebuyer's Incentive for Local Residents

The City Council has approved updates to the Homebuyer's Incentive in Park City. The incentive is for those who build or buy a new, single-family home within the city.

Park City will provide an Initial Incentive Payment of up to $5,000, based on the home's cost. This is in addition to a 75% rebate of the City’s share of property taxes paid annually for five years.

The incentive amount depends on the home's cost. Homes priced at $250,000 and below receive a $2500 incentive. Homes between $251,000 to $350,000 receive $3000. Those between $351,000 to $450,000 receive $4000. Homes priced at $451,000 or more receive the maximum incentive of $5000.

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