New rollback rates (all are currently 8%):
- cities 3.5%
- counties 3.5%
- hospitals 8%
- community colleges 8%
- school districts 2%
Rollback rates are the maximum year-over-year rise in tax levies that a property-taxation authority is allowed to make, without calling an election (the new rate would have to be on a ballot initiative for the people).
The Senate also needs to get its shit together and pass HB297: http://baycitytribune.com/community/article_1a20e090-771f-11e9-b9b0-cf65fb56c568.html to abolish school district M&O tax (which is about 50% of a district's levy), and supplant it with sales tax from the state. This would mean about 20-30% reduction in property taxes.
All good progress. Some relief, and steps toward eliminating property tax entirely.
Remember the Texas legislature meets for 90 days every 2 years, that's it. Get shit done, go home.
Nice! Thats great news! Nice to see you are still hanging around once in a while.
(post is archived)