Texas HB279 modifies ad valorem tax rate calculations and approval processes for certain taxing units.

Texas HB279 amends the Tax Code to revise the formulas for calculating the no-new-revenue tax rate and voter-approval tax rate for taxing units. It specifies different formulas for special taxing units and other taxing units. The bill also changes the conditions under which an election must be held to approve a proposed tax rate that exceeds the voter-approval tax rate. Additionally, it mandates that certain taxing units provide detailed notices to taxpayers before adopting a tax rate that would result in increased taxes on average residence homesteads.

Texas HB279 modifies ad valorem tax rate calculations and approval processes for certain taxing units.

Texas HB279 amends the Tax Code to revise the formulas for calculating the no-new-revenue tax rate and voter-approval tax rate for taxing units. It specifies different formulas for special taxing units and other taxing units. The bill also changes the conditions under which an election must be held to approve a proposed tax rate that exceeds the voter-approval tax rate. Additionally, it mandates that certain taxing units provide detailed notices to taxpayers before adopting a tax rate that would result in increased taxes on average residence homesteads.