2006 Truth-In-Taxation - A Guide for Setting School District Tax Rates

2006 Truth-In-Taxation
A Guide for Setting School District Tax Rates

The Comptroller of Public Accounts is authorized in law to offer professional and technical assistance to taxpayers, appraisal districts, appraisal review boards, and taxing units in limited situations. The Truth-in-Taxation Manual is not required by law and is provided to local taxing units as part of the Comptroller's efforts to offer technical assistance. The information contained in this publication is advisory only and is subject to change by the Texas Legislature. The information should not be construed as offering legal advice or directing officials in setting tax rates. Legal counsel must advise political subdivisions in matters related to public notices, hearings, effective and rollback tax rate calculations, and questions of law.

Introduction

Part 1 - Truth-in-Taxation Overview

Part 2 - The Effective Tax Rate

Part 3 - The Rollback Tax Rate

Part 4 - Required Public Notice and Meeting

Part 5 - Rollback Elections

Appendix 1: 2006 Planning Calendar

Appendix 2: 2006 Effective Tax Rate Worksheet

Appendix 3: 2006 Rollback Tax Rate Worksheet

Appendix 4: Additional Rollback Protection for Pollution Control

Appendix 5: Notice of Public Meeting to Discuss Budget and Proposed Tax Rate — Form #50-28033

The 2006 Truth-In-Taxation - A Guide for Setting School District Tax Rates (820 KB) is also available in PDF format. If you do not already have Adobe Acrobat Reader, you will need to download the latest version to view and print this manual.