Utah has one of the top 10 best tax climates for businesses in the U.S. and boasts the third best property tax rate in the nation, according to a study from The Tax Foundation. The Tax Foundation ranked each state’s tax programs based on how business-friendly they are. The more friendly the program, the higher the state was ranked. The Beehive State ranked third in the nation for property tax rates and fifth for corporate, according to the study. The state’s sales tax rate was the lowest, ranking at 22nd.