UtahH.B. 4282025 General SessionHouseWALLET

Property Tax Changes

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Utah school funding gains a backup

Beginning May 7, 2025, Utah can use its education stabilization account to cover gaps in required local school funding. This option applies when the minimum basic tax rate cannot raise the amount set by lawmakers. Funding requires available ongoing appropriations, follows state constitutional limits, and is not guaranteed each year. Utah tax, budget, and legislative fiscal officials must also agree on two school property tax rates by June 22 annually. These are the minimum basic tax rate and the WPU value rate, which supports funding tied to weighted student counts.

Sponsors & Cosponsors

Sponsor

Jill Koford
Republican • House

Cosponsors

Stephanie Pitcher
Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 120 • No: 0

Senate vote • 3/7/2025

Senate/ passed 2nd & 3rd readings/ suspension

Yes: 24 • No: 0

Senate vote • 3/3/2025

Senate Comm - Favorable Recommendation

Yes: 3 • No: 0

House vote • 2/26/2025

House/ passed 3rd reading

Yes: 73 • No: 0

House vote • 2/20/2025

House Comm - Substitute Recommendation

Yes: 10 • No: 0

House vote • 2/20/2025

House Comm - Favorable Recommendation