Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Impact
The bill has the potential to significantly impact state laws regarding property taxation and local government financing. By refining the procedures for adopting ad valorem tax rates, HB139 could facilitate more straightforward compliance for taxing units while also ensuring that taxpayers remain informed about the rates being applied. This could foster an environment where property tax rates are more transparent and understandable for constituents, addressing concerns about potential hikes in tax burdens.
Summary
House Bill 139 focuses on the calculation of certain ad valorem tax rates for taxing units in the state. It addresses the manner in which proposed tax rates that exceed the voter-approval tax rate are approved. The bill aims to make conforming changes that enhance clarity and consistency in the ad valorem tax approval process. By establishing clearer guidelines, the legislation seeks to streamline how taxing units manage tax rates, ensuring that they comply with the established voter-approval thresholds.
Contention
While the bill appears to be primarily administrative, there are notable points of contention that could arise regarding its implementation. Critics may argue that the bill's provisions could inadvertently allow for higher tax increases that might not accurately reflect the will of the voters. There may be concerns that the refinements in the approval process might undermine the intention of the voter-approval threshold, leading to potential abuses or misunderstandings about local fiscal responsibility.
Texas Constitutional Statutes Affected
Special District Local Laws Code
Chapter 8876. Reeves County Groundwater Conservation District
Section: 152
Tax Code
Chapter 26. Assessment
Section: 04
Section: New Section
Section: 05
Section: 06
Section: 061
Section: 07
Water Code
Chapter 49. Provisions Applicable To All Districts
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that a county may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.