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A BILL TO BE ENTITLED
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AN ACT
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relating to the calculation of "last year's levy" for purposes of |
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calculating certain ad valorem tax rates of a taxing unit. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 26.012(13), Tax Code, is amended to read |
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as follows: |
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(13) "Last year's levy" means the total of: |
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(A) the amount of taxes that would be generated |
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by multiplying the total tax rate adopted by the governing body in |
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the preceding year by the total taxable value of property on the |
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appraisal roll for the preceding year, including: |
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(i) taxable value that was reduced in an |
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appeal under Chapter 42; |
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(ii) all appraisal roll supplements and |
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corrections other than corrections made pursuant to Section |
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25.25(d), as of the date of the calculation, except that last year's |
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taxable value for a school district excludes the total value of |
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homesteads that qualified for a tax limitation as provided by |
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Section 11.26 and last year's taxable value for a county, |
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municipality, or junior college district excludes the total value |
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of homesteads that qualified for a tax limitation as provided by |
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Section 11.261; and |
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(iii) the amount [portion] of taxable value |
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equal to the difference between: |
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(a) the total taxable value for the |
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preceding year of property taxable by the taxing unit in the |
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preceding year that is the subject of an appeal under Chapter 42 on |
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July 25; and |
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(b) the product of the amount |
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described by Sub-subparagraph (a) and the average percentage, |
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expressed as a decimal, by which the total taxable value of property |
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taxable by the taxing unit was reduced on appeal under Chapter 42 |
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during the five-year period ending with the preceding tax year |
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[that is not in dispute]; and |
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(B) the amount of taxes refunded by the taxing |
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unit in the preceding year for tax years before that year. |
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SECTION 2. The change in law made by this Act applies only |
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to ad valorem taxes imposed for a tax year beginning on or after the |
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effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2022. |