Median Listing Price
$1175k
25th–75th pct varies. Comparable to other ski resort STR markets in the Top 50.
Median Land Ratio
35%
Range 30%–40%. Leaves the rest of purchase price as depreciable basis.
Bonus-Eligible %
26.6%
Median % of purchase price classifiable as 5-yr or 15-yr property. Range 23–30%.
Federal Savings @ 37%
$115.5k
Median federal tax savings on a $1175k purchase. Range $99.9k–$135.0k.
Why Park City matters for STR bonus depreciation
Park City's score reflects three compounding factors driving its bonus depreciation outcome:
1. High prices mean large absolute Year 1 deductions
Park City carries the highest median STR prices in this batch (~$1.18M). Even with ski-resort land ratios in the 30–40% range, the absolute depreciable basis is large: roughly $764k on a $1.175M purchase. That translates to a $312k median Year 1 deduction — and $115k+ in federal tax savings at 37%.
2. Luxury finishes inflate 5-year personal property
Park City STRs at the median price point carry high-end finishes throughout — custom millwork, stone countertops, Wolf/Sub-Zero appliances, smart-home systems, heated floors, and high-end window treatments. These all classify as 5-year personal property when added post-construction, pushing the bonus-eligible share to 23–30% of purchase price.
3. Utah conforms to federal §168(k)
Utah is one of the most STR-investor-friendly states for bonus depreciation. The full federal Year 1 deduction flows through Utah state returns — no addback, no add-on. For high-bracket STR investors operating in Utah, this is the most favorable state tax posture.
Common bonus-eligible amenities in Park City STRs
Prevalence of 15-year land improvements we typically see across Park City short-term rentals — all 100% bonus-eligible in Year 1 under IRS §168(k):
Stone fireplace / wood stove
81%
Ski-in/ski-out or boot room
68%
Heated floors / radiant heat
54%
Smart home / Lutron / Sonos
47%
Outdoor deck or patio
79%
See live Park City listings ranked by bonus depreciation
Every active Park City short-term rental scored by Year 1 bonus depreciation potential — filtered by your price range and amenity preferences. Free market search shows every listing. Run a $99 detailed AI property report on any specific listing for line-item 5-year / 15-year / 39-year classification, closely calibrated to a formal cost seg study.
How DepreciMax scores Park City STRs for §168(k) eligibility
Park City's DepreciMax Score is the aggregate score across 100 active listings run through our proprietary algorithm. We use multiple inputs — including land values and AI photo recognition — calibrated over time against a completed cost segregation study on a benchmark short-term rental, with a target accuracy of closely calibrated on bonus-eligible % of purchase price.
More detail in the Top 50 Markets methodology section.
Version: 2026. Sample listings are representative profiles drawn from the top 100 active listings at snapshot date — actual addresses anonymized. Bonus depreciation outcomes vary by individual property; this report estimates ranges for typical purchases. Not tax advice — consult your CPA before making investment decisions.
Data sources & references
Score live Park City properties — for your specific deal
Run any active Park City listing through the DepreciMax property scorer. Free market search shows you every listing ranked by bonus depreciation potential. $99 per detailed AI report on a specific property — closely calibrated to a formal cost seg study.
Score Park City Properties →
Want the full Top 50 report?
All 50 markets ranked by bonus depreciation score, with category filters and the full methodology.
View Full Report →
Park City bonus depreciation calculator (by zip code)
Park City spans 3 primary zip codes with materially different land value ratios from FHFA assessor data. The calculator below has a zip dropdown — switch it to update the land ratio for your area. The bonus-eligible percentage (Park City's market-typical 27%) stays constant across zips because it reflects the property type, not the location. Utah conforms to federal §168(k) — full federal + state benefit.
Park City zip code comparison
| Zip |
Sub-market |
Land ratio |
Typical price |
Typical Year-1 deduction |
| 84060 | Park City (Old Town / Deer Valley) (highest land ratio) | 45% | $1450k | $392k |
| 84098 | Park City (Snyderville / Kimball) | 33% | $1175k | $317k |
| 84036 | Kamas (east of Park City) (lowest land ratio) | 26% | $780k | $211k |
Sample calculation: $1450k Park City STR (zip 84060)
- Purchase price: $1450,000
- Land value (45% land ratio per FHFA): $652,500
- Depreciable basis: $797,500
- Bonus-eligible portion (5-yr + 15-yr property at Park City's market-typical 27%): $391,500
- Year-1 §168(k) deduction: $392k
- Federal tax savings at 37% bracket: $144.9k
See IRS Publication 946 for §168(k) rules. Use the interactive calculator below to model your specific deal.
Looking for a deeper read on your specific property, not just the market median? Run the $99 Park City property report — Claude Opus analyzes 7–9 listing photos against the IRS classification rules and returns a line-item §168(k) estimate closely calibrated to a formal $5K–$8K cost seg study.
How to calculate Park City bonus depreciation
Sample calculation: $1175k Park City STR
- Purchase price: $1175,000
- Land value (28% land ratio per FHFA): $329,000
- Depreciable basis: $846,000
- Bonus-eligible portion (5-yr + 15-yr property at Park City's market-typical 27%): $317,250
- Year-1 §168(k) deduction: $317k
- Federal tax savings at 37% bracket: $117.4k
See IRS Publication 946 for §168(k) rules. Run the interactive calculator to model your specific deal.
Related reading: STR bonus depreciation
