Bill > HB5447

This bill modifies the Texas Tax Code to enhance transparency and precision in ad valorem (property) tax rate calculations. Specifically, the bill requires electronic tax rate calculation forms to include a hyperlink to supporting documentation that verifies the accuracy of entries, excluding mathematical calculations. It also mandates that for taxing units where tax rate calculations are impacted by certain adjustments, these calculations must be performed separately for each reinvestment zone (a designated area for economic development or redevelopment) in which the taxing unit participates. The designated tax official must use the comptroller's prescribed tax rate calculation forms and include the required hyperlink when calculating the no-new-revenue tax rate and voter-approval tax rate. These changes will apply to tax years beginning on or after the bill's effective date of January 1, 2026, with the goal of providing more detailed and transparent information about property tax rate calculations.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB5447