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Bill

SB 295

Property Tax Modifications

2025 General Session Introduced by Steve Eliason and 1 co-sponsor

Utah SB 295 modifies property tax policy; signed into law March 2025, affecting assessment or revenue structure for state property owners and local governments.

Governor Signed
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Bill Summary · SB 295

Legislative bill overview

SB 295 modifies Utah's property tax system, though the specific provisions are not detailed in the legislative action timeline provided. Based on the bill's title and sponsors, it likely addresses assessment methods, exemptions, or rate structures affecting property taxation in the state. The bill successfully passed both chambers and was signed into law by the Governor on March 27, 2025.

Why is this important

Property tax modifications directly affect homeowners, businesses, and local government revenue that funds schools, infrastructure, and services. Changes to property tax policy can significantly impact housing affordability, business competitiveness, and the fiscal stability of counties and municipalities that rely on these revenues.

Potential points of contention

  • Local government funding: Modifications that reduce property tax revenue could strain budgets for schools, emergency services, and infrastructure maintenance at the county and local level
  • Assessment equity: Changes to valuation methods or exemptions may shift tax burdens between residential homeowners, commercial properties, and agricultural land
  • Implementation complexity: Property tax system changes often require recalibration of local assessor procedures and may create administrative costs or transition challenges

Compiled from official sources — confirm details with the bill’s official record.

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