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Property tax relief in Utah would be restructured under this bill, which repeals several existing state programs — including the renter's tax credit, the homeowner's tax credit, and the property tax abatement for indigent individuals — along with two current deferral programs, leaving in place a revised deferral option for eligible homeowners. In their place, the bill would allow, but not require, counties to create a new "county relief program" offering property tax relief to qualifying low-income residents; adopting such a program would require public notice and a hearing, and any county that creates one would have to fund it through a new, separately listed "county relief levy" charged to property owners countywide. The bill also changes who qualifies for the remaining homeowner deferral program, how much tax can be deferred, how long deferrals last, and the interest rate charged on deferred amounts, and it allows the Multicounty Appraisal Trust to make loans to counties to cover revenue lost from granting these deferrals, while barring counties from raising their tax rates to offset that lost revenue. Property tax notices sent to homeowners would also be updated to show the rate and dollar amount of any county relief levy in effect, and the bill sets aside about $1.15 million in state general funds for fiscal year 2027 to support these changes.