Texas HB139 revises the calculation of ad valorem tax rates and the approval process for tax rates exceeding the voter-approval tax rate.
Texas HB139 amends the calculation of certain ad valorem tax rates for taxing units, specifying how the voter-approval tax rate is determined. It also outlines the process for approving a proposed tax rate that exceeds the voter-approval tax rate, including holding an election. The bill makes conforming changes to various sections of the Tax Code and Water Code, and repeals certain provisions. It takes effect January 1, 2026.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.