Texas HB5447 amends the Tax Code to revise the calculation of certain ad valorem tax rates.

Texas HB5447 modifies the Tax Code to change how certain ad valorem tax rates are calculated. It mandates that adjustments to property values and tax amounts be calculated separately for each reinvestment zone a taxing unit participates in. The comptroller must ensure that tax rate calculation forms are in electronic format, allow for electronic data entry, and be certified as accurately calculating tax rates. These forms must also be electronically incorporated into property tax databases and submitted to county assessors. The bill takes effect January 1, 2026.

Texas HB5447 amends the Tax Code to revise the calculation of certain ad valorem tax rates.

Texas HB5447 modifies the Tax Code to change how certain ad valorem tax rates are calculated. It mandates that adjustments to property values and tax amounts be calculated separately for each reinvestment zone a taxing unit participates in. The comptroller must ensure that tax rate calculation forms are in electronic format, allow for electronic data entry, and be certified as accurately calculating tax rates. These forms must also be electronically incorporated into property tax databases and submitted to county assessors. The bill takes effect January 1, 2026.