SB 1438 Introduced

April 0908:40 AM

- Relating to the effect of a disaster on the calculation of certain tax rates and the procedure for adoption of a tax rate by a taxing unit.  S.B. 1438 seeks to clearly codify when the disaster exception would apply and for how long. In addition to the area being declared a disaster, S.B. 1438 adds that the disaster caused physical damage to property located in the taxing unit in order to be able to calculate at the eight percent voter-approval rate. Additionally, S.B. 1438 puts a timeframe on how long a taxing unit may use the higher rate. It is the earlier of the first year in which the total taxable value of property on the appraisal roll exceeds the total taxable value of property on January 1 of the year the disaster occurred or the third tax year after the tax year the disaster occurred in that taxing unit. view article arw

The McLennan County housing market has not slackened a year into the pandemic, and homeowners are about to find out growth in appraisal values has not slowed.  The McLennan County Appraisal District will mail out residential appraisal notices April 5, and officials estimate homeowners will see an increase of 12% to 15%. The increase will be even more for homeowners in McGregor Independent School District, where state officials determined property values have been appraised at too much less than market value. view article arw

Corsicana ISD Trustees approved a tax value limitation agreement with the Pisgah Ridge Solar LLC. The State Comptroller has certified and accepted the project, and the proposed agreement between Corsicana ISD and Pisgah Ridge Solar LLC. The project encompasses 3,688 acres near the Pisgah Ridge area. The anticipated total investment in the project is $200 million. The project is expected to be fully operational by 2023. As part of the findings the Board agreed to waive the ten-job requirement normally included in these types of agreements which are part of chapter 313 of the Texas Tax Code, which allows for a 10-year limitation on the taxable property value tied to the maintenance and operations tax rate. view article arw

COLLEGE STATION (Texas Real Estate Research Center) – Texas’ housing market slowed in February after persistently low mortgage interest rates contributed to record sales in the existing-home sector the previous month. "Sales activity was greatly hindered by February’s unseasonably wintery weather that caused power outages and water disruptions across the state," said Dr. Luis Torres, research economist for the Texas Real Estate Research Center at Texas A&M University. Existing-homes sold through the Texas Multiple Listing Services declined 16 percent from January, drawing even with year-ago levels. Despite slower sales, the state’s existing-home inventory fell below 1.5 months in February. The number of new listings that hit the market declined for the second straight month to their lowest reading since April 2020, when the state was under a stay-at-home mandate. view article arw

SB 1431 Introduced

March 1108:40 AM

Except as otherwise provided by this subsection, the   board of trustees of an independent school district may employ a   person to assess or collect the district's taxes for the 2022 and   following tax years, and may compensate that person as the board    considers appropriate, if the board employed a person to assess or  collect the district's taxes for the 2019, 2020, and 2021 tax years    and the board determines that the total cost of collection of those  taxes by that person for those three tax years was less than the total cost of collection of ad valorem taxes by the county  assessor-collector for the county in which the district is wholly  or primarily located for those three tax years.  view article arw

Paris ISD’s Board of Trustees will meet at 5:30 p.m. Monday at Travis High School of Choice, 3270 Graham St., for a meeting delayed by inclement weather last week. Agenda items include recognition of the All-District and All-RRV Volleyball teams and the cross country team; possible action on a revised contract for election services between the county’s election office and the district; possible action to nominate trustee Clifton Fendley to fill a vacancy on the Lamar County Appraisal District Board of Directors; and hearing Head Start registration income guidelines. view article arw

AUSTIN (KXAN) — A massive investment may soon be coming to Austin: Samsung Austin Semiconductor is considering building a multi-billion dollar chipmaking plant at its campus in north Austin.  Documents with the Texas comptroller show the company filed an application for Chapter 313 property tax breaks from the Manor Independent School District in January. Those documents recently became public.    (10) view article arw

This fiscal year was the first real test of a new law limiting large Texas cities and counties to 3.5-percent budget increases annually as the state Legislature tries to tamp down spiraling property tax bills.  The majority of local governments seem to have made that revenue cap work, according to data from the Texas comptroller’s office, informal surveys and a review of news clips by Hearst Newspapers.  But at least 45 local governments, the city of Houston included, either went over 3.5 percent or considered doing so by using an escape clause written into the legislation that allows a return to the previous maximum of 8 percent during a state disaster. Higher tax increases are possible, but would require voter approval. view article arw

Reports covering each part of a split district are listed under each appraisal district, along with a district total section.  Time is short for making and appeal decision.  Determine the position of your district by reviewing the 2020 ISD Summary Worksheet  and you will find a statement similiar to this  THE PVS FOUND YOUR LOCAL VALUE INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD.  The remainder of the information on this page is the justification for the above statement.  Comptrollers' statement:   We are pleased to announce that the Comptroller’s office certified the 2020 Property Value Study (PVS) preliminary findings to the commissioner of education on Jan. 29, 2021, and published them on its PVS webpage. As a reminder, March 10, 2021, is the deadline for a school district or eligible taxpayer to file a petition protesting the certified preliminary findings.    (01) view article arw

(The Center Square) – Reeves County and Pecos-Barstow-Toyah Independent School District saw dramatic increases in oil and natural gas property tax revenue in fiscal 2020, both receiving the most of any ISD or county in Texas. Statewide, Texas ISDs received more than $2 billion from taxes on oil and natural gas production, pipelines and gas utilities. Counties received $688 million. Pecos-Barstow-Toyah ISD received $167.6 million from mineral properties producing oil and natural gas, pipelines, and gas utilities – an increase of 53 percent from fiscal 2019, far more than any other ISD. Reeves County received $74.5 million in oil and natural gas property taxes – an 80 percent increase from last year. view article arw

According to a third quarter report by Templeton Demographics, Georgetown ISD is projected to gain about 3,000 students by 2025. That is an increase of 26.8%, it said. Bob Templeton presented the findings to the GISD board of trustees Jan. 20, acknowledging that despite the COVID-19 pandemic, growth will continue to break records in Georgetown and the Central Texas area. “The housing market has not seen an impact at all [from the pandemic],” Templeton said. “In fact, the opposite is what has happened to the housing market as to what we were anticipating back in March.” He added that the area housing market saw one of its best years in 2020. view article arw

Five years after the passage of their last bond, Richardson Independent School District (ISD) is primed to move forward with another this year to the tune of $750 million. The district’s Bond Steering Committee (BSC) recommended a tax rate of $1.40 per $100 of evaluation — while not a rate increase, a real dollar increase above the 2.5 percent allowed by Senate Bill 2 without voter ratification. view article arw

If and when you go looking for the killer of legislation to bring marijuana or casinos to the state of Texas in 2021, consider the evidence against Texas Comptroller Glenn Hegar. The comptroller didn’t kill anything outright, and the killings weren’t intentional. He wasn’t campaigning against either pot or wagering. He hasn’t taken a loud position on either one; that’s a legislative concern, and he’s not a legislator any more. view article arw

Texas makes mess of taxes

May 1607:45 AM

Count on the Texas Legislature to come up with a painfully complicated and inefficient way to repeal a painfully complicated and inefficient tax. Lawmakers deserve praise for targeting the Texas Franchise Tax, but their methods are unsound. The franchise tax, also called the margins or business tax, ranks consistently as one of the worst taxes anywhere in the country. It was the convoluted response to the Texas Supreme Court declaring the public school finance system unconstitutional. Lawmakers had to lower property taxes to comply with the court order, so to find replacement funds they rewrote the franchise tax, what businesses pay for the privilege to operate in our great state. view article arw

The Dallas school board Thursday night voted against putting a tax ratification election before voters this fall. The proposed 13-cent tax hike would have given the district $100 million to fund early childhood education and early college high school programs. The district also wanted to expand a program that pays extra money to top teachers who take jobs in some of the district’s toughest schools. view article arw

Trustees of the Wylie Independent School District proposed a tax rate of $1.13 per $100 of property value for the 2016-17 fiscal year — a tax cut of 2.4 cents — and added more money to the proposed budget for teachers' salaries during Monday's regular board meeting. Trustees conducted their third of three workshops for the 2016-17 budget of $32.340 million and set a special meeting for Monday, Aug. 29, at 6:30 p.m. to receive comments from the public on the budget and tax rate and then consider approval. view article arw

Kilgore ISD tax rate in the air

June 2407:38 AM

School trustees in Kilgore began their budget-writing season Monday with an overview of what is and isn’t known about financing the 2014-15 school year. view article arw