Tex.
Educ. Code Section 48.2556
Posting on Agency Website of Information Related to Reduction of Limitation of Tax on Homesteads of Elderly or Disabled
(a)
The agency shall post the following information on the agency’s Internet website for purposes of allowing the chief appraiser of each appraisal district and the assessor for each school district to make the calculations required by Sections 11.26 (Limitation of School Tax on Homesteads of Elderly or Disabled)(a-5), (a-6), (a-7), (a-8), (a-9), (a-10), (a-11), and (a-12), Tax Code:(a)
For purposes of allowing the chief appraiser of each appraisal district and the assessor for each school district to make the calculations required by Section 11.26 (Limitation of School Tax on Homesteads of Elderly or Disabled)(a-10), Tax Code, the agency shall post on the agency’s Internet website each school district’s maximum compressed rate, as determined under Section 48.2551, for the current tax year and the preceding tax year.(1)
each school district’s maximum compressed rate, as determined under Section 48.2551, for each tax year beginning with the 2019 tax year; and(2)
each school district’s tier one maintenance and operations tax rate, as provided by Section 45.0032(a), for the 2018 tax year.(b)
The agency shall post each school district’s maximum compressed rate for the current tax year, as determined under Section 48.2551, promptly after calculating the rate. If, for the 2023 or a subsequent tax year, the agency calculates a preliminary rate before calculating a final rate, the agency shall post the preliminary rate, and the chief appraiser of each appraisal district and the assessor for each school district shall use the preliminary rate to make the calculations described by Subsection (a).(c)
The agency shall notify the chief appraiser of each appraisal district and the assessor for each school district when the agency has complied with Subsection (b). The notice must include the location on the agency’s Internet website at which the information required by this section to be posted may be found.(b)
The commissioner shall adjust the values reported by the comptroller to reflect reductions in taxable value of property resulting from natural or economic disaster in the year in which the valuations are determined. The decision of the commissioner is final. An adjustment does not affect the local fund assignment of any other school district.(c)
Appeals of district values shall be held pursuant to Section 403.303 (Protest), Government Code.(d)
This subsection applies to a school district in which the board of trustees entered into a written agreement with a property owner for the implementation of a limitation on taxable value under Subchapter T (Purposes), Chapter 403 (Comptroller of Public Accounts), Government Code. For purposes of determining “DPV” under Subsection (a) for a school district to which this subsection applies, the commissioner shall exclude a portion of the market value of property not otherwise fully taxable by the district under Subchapter T (Purposes), Chapter 403 (Comptroller of Public Accounts), Government Code. The comptroller shall provide information to the agency necessary for this subsection.(d-1)
Subsection (d) applies to an agreement for the implementation of a limitation on appraised value under former Subchapter B or C, Chapter 313 (Texas Economic Development Act), Tax Code, that was in effect on January 1, 2023, in the same manner as that subsection applies to an agreement described by that subsection. If the agreement for the limitation on appraised value requires a revenue protection payment to the school district, the payment shall be based on the district’s taxable value of property for the preceding tax year.(e)
Subsection (d-1) does not apply to property that was the subject of an application under former Subchapter B or C, Chapter 313 (Texas Economic Development Act), Tax Code, made after May 1, 2009, that the comptroller recommended should be disapproved.
Source:
Section 48.2556 — Posting on Agency Website of Information Related to Reduction of Limitation of Tax on Homesteads of Elderly or Disabled, https://statutes.capitol.texas.gov/Docs/ED/htm/ED.48.htm#48.2556 (accessed Jun. 5, 2024).
