UT HB0445

Counties may not acquire real property located in another county through exchange, purchase, or lease unless the county where the property is located provides express permission through formal legislative action or a memorandum of understanding

Joint acquisitions between two or more counties or political subdivisions through an interlocal agreement are exempt from the permission requirement

Real property owned by a county that is located outside its geographic boundaries ("extraterritorial county property") loses its property tax exemption, with new acquisitions taxable beginning January 1, 2027, and existing holdings taxable beginning January 1, 2029

Counties may retain the tax exemption for extraterritorial property if both the owning county and the host county agree to maintain the exemption and enter into an agreement

Extraterritorial county property subject to taxation will be assessed at its value and use immediately before acquisition, and a rollback tax applies if agricultural land is converted to non-qualifying use