Texas Education Code

§ 48.2551 — MAXIMUM COMPRESSED TAX RATE

ED § 48.2551Title 2. PUBLIC EDUCATION · Part I. SCHOOL FINANCE AND FISCAL MANAGEMENT · Ch. 48. FOUNDATION SCHOOL PROGRAM · Art. F. FINANCING THE PROGRAM

Statute text

View on source

(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 former Subchapter B or C, Chapter 313, Tax Code, or a limitation on taxable value under Subchapter T, Chapter 403, Government 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;

…

Legislative history

Acts 2021, 87th Leg., R.S., Ch. 806 (H.B. 1525), Sec. 33, eff. September 1, 2021. Acts 2021, 87th Leg., 2nd C.S., Ch. 14 (S.B. 12), Sec. 3, eff. January 1, 2023. Acts 2023, 88th Leg., R.S., Ch. 377 (H.B. 5), Sec. 2, eff. January 1, 2024. Acts 2025, 89th Leg., R.S., Ch. 338 (S.B. 4), Sec. 2.02, eff. June 16, 2025. Acts 2025, 89th Leg., R.S., Ch. 340 (S.B. 23), Sec. 2.01, eff. June 16, 2025.