Can the utility bill issued by the property company be deducted from the tax when reporting?

No, because the property management company can't give you a special VAT invoice.

If the unit that provides water and electricity issues an invoice to you, you will issue an invoice to your company when you collect the water and electricity fee from the owner, and this water and electricity fee income is not allowed to be deducted when reporting.

You can sign an entrusted collection agreement with the hydropower unit, and the hydropower unit will directly invoice the owner. You just collect the money and transfer the ticket, so you don't have to declare this income.

Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Some Policy Issues of Business Tax (Caishui [2003] 16): "The turnover of units engaged in property management is the balance of all income related to property management minus the prices of water, electricity and gas paid on behalf of owners and the rents paid on behalf of tenants."

I have been in contact with enterprises that cannot deduct the value-added tax before.