Subtract the difference between the proposed tax rate and the no-new-revenue tax rate. Then divide the difference by the no-new-revenue tax rate to get the percent of increase.
Tax Code Section 26.065 requires certain notices be posted on a website that the taxing unit owns, operates or controls.
The voter-approval tax can be lower than the no-new-revenue tax rate when there has been a substantial reduction in debt owed by the taxing unit.
A small taxing unit is one that sets a tax rate lower than $.50 and raises less than $500,000 when multiplied by the current taxable value. Small taxing units have a special notice process.6
Last year’s tax rate is not relevant to the current year’s truth-in-taxation requirements. If the tax rate proposed by the governing body does not exceed the lower of the no-new-revenue tax or the voter-approved tax rate, a public hearing and quarter page ads are not required.7
A taxing unit, other than a school district, that adopts a tax rate greater than the voter-approval tax rate is required to hold an election on the next uniform election date.8 If the adopted rate is lower than the de minimis rate and greater than the voter-approval rate, the voters may petition for an election on the tax increase.9
In 2015, the Texas Legislature passed House Bill 855, which requires state agencies to publish a list of the three most commonly used Web browsers on their websites. The Texas Comptroller’s most commonly used Web browsers are Google Chrome, Microsoft Internet Explorer and Apple Safari.