By: Isaac H.B. No. 4479
A BILL TO BE ENTITLED
AN ACT
relating to freezing school district maintenance and operations ad
valorem taxes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 48.2551, Education Code, is amended to
read as follows:
Sec. 48.2551. MAXIMUM COMPRESSED TAX RATE. (a) In this
section:
(1) "DPV" is the taxable value of property in the
school district, as determined by the agency by rule, using locally
determined property values adjusted in accordance with Section
403.302(d), Government Code;
(2) "E" is the expiration of the exclusion of
appraised property value for the preceding tax year that is
recognized as taxable property value for the current tax year,
which is the sum of the following:
(A) property value that is no longer subject to a
limitation on appraised value under Chapter 313, Tax Code; and
(B) property value under Section 311.013(n), Tax
Code, that is no longer excluded from the calculation of "DPV" from
the preceding year because of refinancing or renewal after
September 1, 2019;
(3) "MCR" is the district's maximum compressed rate,
which is the tax rate for the current tax year per $100 of valuation
of taxable property at which the district must levy a maintenance
and operations tax to receive the full amount of the tier one
allotment to which the district is entitled under this chapter;
(4) "PYDPV" is the district's value of "DPV" for the
preceding tax year; and
(5) "PYMCR" is the district's value of "MCR" for the
preceding tax year.
(b) [Except as provided by Subsection (c), a] A district's
maximum compressed rate ("MCR") is the lesser of:
(1) the rate determined by the following applicable
formula:
(A) if "DPV" exceeds "PYDPV" by an amount equal
to or greater than 2.5 percent:
MCR = (1.025((PYDPV+E) X PYMCR))/DPV; or
(B) if Paragraph (A) does not apply:
MCR = PYMCR; [or]
(2) the product of the state compression percentage,
as determined under Section 48.255, for the current tax year,
multiplied by $1.00; or
(3) the rate at which it receives the same maintenance
and operations revenue it received the previous year.
[(c) Notwithstanding Subsection (b), for a district to
which Section 48.2552(b) applies, the district's maximum
compressed rate is the value calculated in accordance with Section
48.2552(b).]
(d) The agency shall:
(1) calculate and make available school districts'
maximum compressed rates, as determined under this section; and
(2) post the information described by Section 48.2556
on the agency's Internet website as required by that section.
(d-1) Local appraisal districts, school districts, and the
comptroller shall provide any information necessary to the agency
to implement this section.
(d-2) A school district may appeal to the commissioner the
district's taxable property value as determined by the agency under
this section. A decision by the commissioner is final and may not
be appealed.
(e) It is the intent of the legislature that the state
continue to fund public schools at the same or similar level as the
state would have if this section had not taken effect.
SECTION 3. Section 48.2552, Education Code, is repealed.
SECTION 4. This Act applies beginning with the state fiscal
biennium beginning September 1, 2023.
SECTION 5. This Act takes effect on September 1, 2023.