Texas SB3026 amends the calculation of ad valorem tax rates and the approval process for tax rates exceeding the voter-approval tax rate.

This bill modifies the calculation of certain ad valorem tax rates for taxing units in Texas, including the no-new-revenue maintenance and operations rate and the voter-approval tax rate. It also changes the process for approving tax rates that exceed the voter-approval tax rate, requiring an election if certain conditions are met. The bill includes conforming changes and repeals certain provisions related to tax rates. It applies to ad valorem taxes imposed for tax years beginning on or after January 1, 2026.

Texas SB3026 amends the calculation of ad valorem tax rates and the approval process for tax rates exceeding the voter-approval tax rate.

This bill modifies the calculation of certain ad valorem tax rates for taxing units in Texas, including the no-new-revenue maintenance and operations rate and the voter-approval tax rate. It also changes the process for approving tax rates that exceed the voter-approval tax rate, requiring an election if certain conditions are met. The bill includes conforming changes and repeals certain provisions related to tax rates. It applies to ad valorem taxes imposed for tax years beginning on or after January 1, 2026.