87R6559 CJC-D
By: Paxton S.B. No. 1131
A BILL TO BE ENTITLED
AN ACT
relating to the calculation of "last year's levy" for purposes of
calculating certain ad valorem tax rates of a taxing unit.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 26.012(13), Tax Code, is amended to read
as follows:
(13) "Last year's levy" means the total of:
(A) the amount of taxes that would be generated
by multiplying the total tax rate adopted by the governing body in
the preceding year by the total taxable value of property on the
appraisal roll for the preceding year, including:
(i) taxable value that was reduced in an
appeal under Chapter 42;
(ii) all appraisal roll supplements and
corrections other than corrections made pursuant to Section
25.25(d), as of the date of the calculation, except that last year's
taxable value for a school district excludes the total value of
homesteads that qualified for a tax limitation as provided by
Section 11.26 and last year's taxable value for a county,
municipality, or junior college district excludes the total value
of homesteads that qualified for a tax limitation as provided by
Section 11.261; and
(iii) the amount [portion] of taxable value
equal to the difference between:
(a) the total taxable value for the
preceding year of property taxable by the taxing unit in the
preceding year that is the subject of an appeal under Chapter 42 on
July 25; and
(b) the product of the amount
described by Sub-subparagraph (a) and the average percentage,
expressed as a decimal, by which the total taxable value of property
taxable by the taxing unit was reduced on appeal under Chapter 42
during the five-year period ending with the preceding tax year
[that is not in dispute]; and
(B) the amount of taxes refunded by the taxing
unit in the preceding year for tax years before that year.
SECTION 2. The change in law made by this Act applies only
to ad valorem taxes imposed for a tax year beginning on or after the
effective date of this Act.
SECTION 3. This Act takes effect January 1, 2022.