UT HB0236

Fiscal year taxing entities proposing property tax rate increases must make a preliminary statement at a public meeting between May 1 and June 13, stating the intent to consider a rate increase, the approximate dollar amount and purpose of additional revenue, and the approximate percentage increase in tax revenue.

Fiscal year taxing entities proposing tax increases must prepare and adopt an interim budget that includes a "property tax impact schedule" detailing the dollar amount of additional revenue, percentage increases for average residences and commercial properties, and operational impacts by department.

Taxing entities proposing tax increases must set aside in a restricted budget account an amount equal to the additional ad valorem tax revenue that would be generated, which cannot be spent until the final budget is adopted after the required public hearing process.

Towns classified by population that lack public websites may substitute physical posting at their town hall or principal place of business instead of website publication requirements for truth in taxation notices.

For fiscal year 2026-2027 only, the State Tax Commission will provide a warning rather than deny certification if a fiscal year taxing entity fails to meet the new preliminary statement requirements, but subsequent years will require full compliance or face denial of the proposed tax rate increase.