| 1 | 1 | | 87R6559 CJC-D |
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| 2 | 2 | | By: Paxton S.B. No. 1131 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the calculation of "last year's levy" for purposes of |
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| 8 | 8 | | calculating certain ad valorem tax rates of a taxing unit. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 26.012(13), Tax Code, is amended to read |
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| 11 | 11 | | as follows: |
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| 12 | 12 | | (13) "Last year's levy" means the total of: |
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| 13 | 13 | | (A) the amount of taxes that would be generated |
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| 14 | 14 | | by multiplying the total tax rate adopted by the governing body in |
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| 15 | 15 | | the preceding year by the total taxable value of property on the |
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| 16 | 16 | | appraisal roll for the preceding year, including: |
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| 17 | 17 | | (i) taxable value that was reduced in an |
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| 18 | 18 | | appeal under Chapter 42; |
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| 19 | 19 | | (ii) all appraisal roll supplements and |
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| 20 | 20 | | corrections other than corrections made pursuant to Section |
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| 21 | 21 | | 25.25(d), as of the date of the calculation, except that last year's |
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| 22 | 22 | | taxable value for a school district excludes the total value of |
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| 23 | 23 | | homesteads that qualified for a tax limitation as provided by |
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| 24 | 24 | | Section 11.26 and last year's taxable value for a county, |
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| 25 | 25 | | municipality, or junior college district excludes the total value |
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| 26 | 26 | | of homesteads that qualified for a tax limitation as provided by |
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| 27 | 27 | | Section 11.261; and |
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| 28 | 28 | | (iii) the amount [portion] of taxable value |
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| 29 | 29 | | equal to the difference between: |
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| 30 | 30 | | (a) the total taxable value for the |
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| 31 | 31 | | preceding year of property taxable by the taxing unit in the |
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| 32 | 32 | | preceding year that is the subject of an appeal under Chapter 42 on |
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| 33 | 33 | | July 25; and |
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| 34 | 34 | | (b) the product of the amount |
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| 35 | 35 | | described by Sub-subparagraph (a) and the average percentage, |
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| 36 | 36 | | expressed as a decimal, by which the total taxable value of property |
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| 37 | 37 | | taxable by the taxing unit was reduced on appeal under Chapter 42 |
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| 38 | 38 | | during the five-year period ending with the preceding tax year |
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| 39 | 39 | | [that is not in dispute]; and |
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| 40 | 40 | | (B) the amount of taxes refunded by the taxing |
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| 41 | 41 | | unit in the preceding year for tax years before that year. |
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| 42 | 42 | | SECTION 2. The change in law made by this Act applies only |
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| 43 | 43 | | to ad valorem taxes imposed for a tax year beginning on or after the |
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| 44 | 44 | | effective date of this Act. |
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| 45 | 45 | | SECTION 3. This Act takes effect January 1, 2022. |
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