82R26 SMH-D
By: Paxton H.B. No. 2338
A BILL TO BE ENTITLED
AN ACT
relating to the posting on the Internet by tax officials of
information regarding ad valorem tax rates.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 26, Tax Code, is amended by adding
Section 26.16 to read as follows:
Sec. 26.16. POSTING OF TAX RATES ON COUNTY'S AND APPRAISAL
DISTRICT'S INTERNET WEBSITES. (a) The county assessor-collector
for each county that maintains an Internet website and, if the
appraisal district established for the county maintains an Internet
website, the chief appraiser of the appraisal district shall post
on the website of the county or appraisal district, as appropriate,
the following information for the most recent five tax years for
each taxing unit that imposes taxes in the county in the current tax
year:
(1) the adopted tax rate;
(2) the maintenance and operations rate;
(3) the debt rate;
(4) the effective tax rate;
(5) the effective maintenance and operations rate; and
(6) the rollback tax rate.
(b) The information described by Subsection (a) must be
presented in the form of a table under the heading "Truth in
Taxation Summary."
(c) The county assessor-collector or chief appraiser shall
post immediately below the table prescribed by Subsection (b) the
following statement:
"The adopted tax rate is the tax rate adopted by the governing
body of a taxing unit.
"The maintenance and operations rate is the component of the
adopted tax rate of a taxing unit that will impose the amount of
taxes needed to fund maintenance and operation expenditures of the
unit for the following year.
"The debt rate is the component of the adopted tax rate of a
taxing unit that will impose the amount of taxes needed to fund the
unit's debt service for the following year.
"The effective tax rate is the tax rate that would generate
the same amount of revenue in the current tax year as was generated
by a taxing unit's adopted tax rate in the preceding tax year from
property that is taxable in both the current tax year and the
preceding tax year.
"The effective maintenance and operations rate is the tax
rate that would generate the same amount of revenue for maintenance
and operations in the current tax year as was generated by a taxing
unit's maintenance and operations rate in the preceding tax year
from property that is taxable in both the current tax year and the
preceding tax year.
"The rollback tax rate is the highest tax rate a taxing unit
may adopt before requiring voter approval at an election. In the
case of a taxing unit other than a school district, the voters by
petition may require that a rollback election be held if the unit
adopts a tax rate in excess of the unit's rollback tax rate. In the
case of a school district, an election will automatically be held if
the district wishes to adopt a tax rate in excess of the district's
rollback tax rate."
(d) The comptroller by rule shall prescribe the manner in
which the information described by this section is required to be
presented.
SECTION 2. This Act takes effect September 1, 2011.