Texas Senate Bill SB767

Texas 2015 - 84th Regular

Caption

Relating to the procedure for the adoption of an ad valorem tax rate.

Note

Overall, SB767 represents a legislative effort to establish more structured and transparent procedures for property tax rate adoption, reflecting ongoing tensions between uniform governance and local control in Texas.

Impact

If passed, SB767 will significantly affect the way local taxing entities, particularly school districts and utility districts, set and inform the public about their tax rates. The bill enforces strict deadlines for the adoption of tax rates and requires comprehensive public notification about proposed tax changes, including the implications on average residential properties. This will potentially empower taxpayers with more information and clarity regarding how tax rates are being determined.

Summary

SB767, introduced by Senator Bettencourt, aims to amend the procedures surrounding the adoption of ad valorem tax rates in Texas. The bill outlines specific requirements for taxing units regarding the timing and notification of tax rate meetings and seeks to provide clearer guidelines on the components of the tax rate. It mandates that each component of the tax rate must be approved separately before the governing body can adopt a rate for the current tax year, thereby increasing transparency in the tax adoption process.

Contention

Opponents of SB767 may argue that the changes could increase bureaucratic processes for local governments, making it harder for them to respond quickly to fiscal needs or changes in economic conditions. Additionally, the emphasis on transparency and taxpayer notification may also raise concerns about potential increases in public engagement that could complicate the tax adoption process. Nevertheless, supporters see it as a necessary enhancement to ensure taxpayers are more informed and engaged in local governance regarding taxation.