Relates to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the.

The bill modifies the calculation of certain ad valorem tax rates for taxing units in Texas. It specifies formulas for calculating the no-new-revenue maintenance and operations rate and the voter-approval tax rate. It also outlines the conditions under which an election must be held to approve a proposed tax rate. The bill includes provisions for handling tax refunds and delinquent taxes. It repeals certain sections of the Tax Code and Water Code. The changes apply to ad valorem taxes imposed for tax years beginning on or after January 1, 2026.

Relates to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the.

The bill modifies the calculation of certain ad valorem tax rates for taxing units in Texas. It specifies formulas for calculating the no-new-revenue maintenance and operations rate and the voter-approval tax rate. It also outlines the conditions under which an election must be held to approve a proposed tax rate. The bill includes provisions for handling tax refunds and delinquent taxes. It repeals certain sections of the Tax Code and Water Code. The changes apply to ad valorem taxes imposed for tax years beginning on or after January 1, 2026.