HEARING SET ON REVENUE AND APPRAISAL CAP BILLS

The Senate Finance Committee will hold a hearing on Monday, March 21, at 10:00 a.m. in Room E1.036 of the State Capitol.  The committee will consider one revenue cap bill and four appraisal cap bills, as summarized below.

  • S.B. 720 (Williams) – Revenue Cap: would: (1) reduce the property tax rollback rate from 108 percent to 105 percent; and (2) permit an individual city to raise its rollback rate back to 108 percent if: (a) any part of the city is located in an area declared a disaster by the governor or president; or (b) the city council finds that the higher rate is necessary to protect the health, safety, or property of persons in the city, provided such finding is in the form of a resolution, includes a description of the expected harm, and is approved by a record vote of the council.
  • S.B. 129 (Patrick) – Appraisal Cap: would reduce the property tax appraisal cap on homesteads from ten to five percent. (Note: please see S.J.R. 7, below.)
  • S.J.R. 7 (Patrick) - Appraisal Cap: would amend the Texas Constitution to authorize the legislature to reduce the property tax appraisal cap on homesteads from ten to five percent.
  • S.B. 175 (Nichols) - Appraisal Cap: would: (1) reduce the property tax appraisal cap on homesteads from ten percent to five percent; (2) authorize a county commissioners court to call an election to increase the homestead appraisal cap for all taxing jurisdictions in the county back to some percentage between six and ten; and (3) prohibit a subsequent election from occurring for ten years after such an election is held. (Note: please see S.J.R. 11, below.)
  • S.J.R. 11 (Nichols) - Appraisal Cap: would amend the Texas Constitution to permit the legislature to: (1) reduce the property tax appraisal cap on homesteads from ten percent to five percent; and (2) authorize a county commissioners court to call an election to increase the homestead appraisal cap for all taxing jurisdictions in the county back to some percentage between six and ten.

The following article explains that property taxes have increased only minimally of late:
http://www.tml.org/leg_updates/legis_update012111d_property_tax_numbers.asp

The following press release explains the results of a recent survey of Texas cities that shows significant fiscal restraint with respect to property taxes:
http://www.tml.org/legal_pdf/TMLsurveynewsrelease.pdf

Concerned city officials should attend and testify at the hearing.


TML member cities may use the material herein for any purpose.
No other person or entity may reproduce, duplicate, or distribute any part of this document without the written authorization of the
Texas Municipal League.

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