Mansions for Sale in Utah

Mansions for Sale in Utah

General
The State of Utah is a western state of the United States. Approximately 80 percent of Utah's 2,736,424 people live along the Wasatch Front, centering around Salt Lake City. In contrast, vast expanses of the state are nearly uninhabited, making the population the sixth most urbanized in the U.S. The name "Utah" is derived from the Ute Indian language, meaning "people of the mountains."

Utah is known for being one of the most religiously homogeneous states in the Union. Between 58 percent and 72 percent of Utahns are reported to be members of The Church of Jesus Christ of Latter-day Saints (also known as the LDS Church or Mormon Church), which greatly influences Utah culture and daily life.

The state is a center of transportation, information technology and research, government services and mining as well as a major tourist destination for outdoor recreation. According to the U.S. Census Bureau's population estimates, Utah was the fastest growing state in the United States as of 2008. St. George, Utah was the fastest growing metropolitan area in the United States from 2000?2005.

Economy
According to the University of Utah the gross state product of Utah in 2005 was $92 billion, or 0.74% of the total United States GDP of $12.4 trillion for the same year. Major industries of Utah include: mining, cattle ranching, salt production, and government services.

According to the 2007 State New Economy Index, Utah is ranked the top state in the nation for Economic Dynamism, determined by "The degree to which state economies are knowledge-based, globalized, entrepreneurial, information technology-driven and innovation-based."

In eastern Utah petroleum production is a major industry. Near Salt Lake City, petroleum refining is done by a number of oil companies. In central Utah, coal production accounts for much of the mining activity.

Taxes
Utah collects personal income tax within 6 income brackets. The state sales tax has a base rate of 6.45 percent, with cities and counties levying additional local sales taxes that vary among the municipalities. Property taxes are assessed and collected locally. Utah does not charge intangible property taxes and does not impose an inheritance tax.