Bill > HB0062

This bill modifies several sections of the Utah Property Tax Act, primarily focusing on residential property exemptions, agricultural land assessment, and tax valuation procedures. The bill introduces new requirements and clarifications for obtaining residential property tax exemptions, including stricter application deadlines and more detailed documentation requirements for property owners seeking exemptions. For agricultural land, the bill expands provisions for how land can qualify for agricultural use assessment, allowing for more flexibility in land management practices such as fallowing and introducing nuanced rules for properties with residences. The bill also makes technical changes to tax rate calculations and property valuation appeal processes, including modifying how new growth and taxable value are determined. Additionally, the bill updates definitions and procedures related to property tax assessments, such as how county assessors report property values and how taxing entities calculate their certified tax rates. The changes aim to provide more clarity, consistency, and fairness in property tax assessment and exemption processes across Utah counties. The bill is set to take effect on May 7, 2025, with retrospective application to January 1, 2025.

Budget and Finance

https://le.utah.gov/~2025/bills/static/HB0062.html