82R22154 SMH-D
By: Paxton H.B. No. 2338
Substitute the following for H.B. No. 2338:
By: Hilderbran C.S.H.B. No. 2338
A BILL TO BE ENTITLED
AN ACT
relating to the posting on the Internet by the county
assessor-collector 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 INTERNET
WEBSITE. (a) The county assessor-collector for each county that
maintains an Internet website shall post on the website of the
county the following information for the most recent five tax years
beginning with the 2012 tax year for each taxing unit all or part of
the territory of which is located in the county:
(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) Each taxing unit all or part of the territory of which is
located in the county shall provide the information described by
Subsection (a) pertaining to the taxing unit to the county
assessor-collector annually following the adoption of a tax rate by
the taxing unit for the current tax year. The chief appraiser of
the appraisal district established in the county may assist the
county assessor-collector in identifying the taxing units required
to provide information to the assessor-collector.
(c) The information described by Subsection (a) must be
presented in the form of a table under the heading "Truth in
Taxation Summary."
(d) The county assessor-collector shall post immediately
below the table prescribed by Subsection (c) the following
statement:
"The county is providing this table of property tax rate
information as a service to the residents of the county. Each
individual taxing unit is responsible for calculating the property
tax rates listed in this table pertaining to that taxing unit and
providing that information to the county.
"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."
(e) 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.