Texas Tax Code
§ 26.0444 — TAX RATE ADJUSTMENT FOR DEFUNDING MUNICIPALITY
TX § 26.0444Title 1. PROPERTY TAX CODE · Part D. APPRAISAL AND ASSESSMENT · Ch. 26. ASSESSMENT
Statute text
View on source(a)In this section:
(1)"Defunding municipality" means a municipality that is considered to be a defunding municipality for the current tax year under Chapter 109, Local Government Code.
(2)"Municipal public safety expenditure adjustment" means an amount equal to the positive difference, if any, between:
(A)the amount of money appropriated for public safety in the budget adopted by the municipality for the preceding fiscal year; and
(B)the amount of money spent by the municipality for public safety during the period for which the budget described by Paragraph (A) is in effect.
(b)The no-new-revenue maintenance and operations rate for a defunding municipality is decreased by the rate computed according to the following formula: Municipal Public Safety Expenditure Adjustment / (Current Total Value - New Property Value)
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Legislative history
Added by Acts 2021, 87th Leg., R.S., Ch. 199 (H.B. 1900), Sec. 3.01, eff. September 1, 2021.