Texas HB5226 amends tax rate calculation formulas for taxing units.

Texas HB5226 revises the formulas for calculating the no-new-revenue tax rate and voter-approval tax rate for taxing units. These rates are determined based on factors like last year's maintenance and operations expenses, current total value, new property value, and sales tax rates. The bill specifies different formulas for special taxing units and other taxing units, affecting how these rates are computed annually. The changes take effect on September 1, 2025.

Texas HB5226 amends tax rate calculation formulas for taxing units.

Texas HB5226 revises the formulas for calculating the no-new-revenue tax rate and voter-approval tax rate for taxing units. These rates are determined based on factors like last year's maintenance and operations expenses, current total value, new property value, and sales tax rates. The bill specifies different formulas for special taxing units and other taxing units, affecting how these rates are computed annually. The changes take effect on September 1, 2025.