If implemented, HB15 would fundamentally reshape how property tax rates are calculated and maintained across various taxing units in Texas. The introduction of a statewide database containing property tax information would allow for standardized reporting and greater public access to essential tax information concerning property values and rates. This plan intends to create a fairer assessment system that reflects the evolving dynamics of property taxation, potentially helping citizens to better navigate their financial responsibilities and governmental processes.
Summary
House Bill 15, known as the Property Tax Payer Empowerment Act of 2017, introduces significant changes to the framework of ad valorem taxation in Texas. The bill mandates that the Texas comptroller will establish standardized electronic worksheets for taxing units to calculate their 'no new taxes' and rollback tax rates. This measure is intended to simplify the tax calculation process, increase transparency, and empower local government officials in managing tax assessments. Moreover, it aims to create a more accessible system for citizens to understand their tax obligations, thereby enhancing civic engagement in property tax matters.
Contention
However, the bill is not without controversy. Critics argue that standardizing tax calculations may overlook unique local needs and circumstances, possibly leading to one-size-fits-all solutions that fail to address community-specific issues. Additionally, concern exists that making tax information more accessible could inadvertently overwhelm taxpayers with complex data. Proponents, on the other hand, assert that increased transparency will lead to better understanding and management of property taxes, giving citizens the ability to hold their local governments accountable for tax decisions.
Relating to the calculation of certain ad valorem tax rates of a taxing unit for a year in which a property owner provides notice that the owner intends to appeal an order of an appraisal review board determining a protest by the owner regarding the appraisal of the owner's property.
Relating to an exemption from ad valorem taxation of a portion of the appraised value of tangible personal property that is held or used for the production of income and a franchise tax credit for the payment of certain related ad valorem taxes.
Relating to the calculation of the ad valorem rollback tax rate of a taxing unit and voter approval of a proposed tax rate that exceeds the rollback tax rate.