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Most property managers and owners can state their property’s most productive use and reel off a list of potential uses as well. But not all of them know their property’s specific use restrictions, and fewer still realize how those limitations affect the property’s value for tax assessment purposes.

Here are some use restrictions that could allow you to save BIG:

Government Restrictions

Local zoning laws impose the most common use restrictions, and their impact on property uses and potential values is commonly understood. A property zoned for development as a retail power center, for example, will generally have a higher market value than a property which is limited to uses such as auto repair or animal kenneling. Market values are often used to set tax assessment values, so a use restriction that increases or reduces market value will also increase or reduce a property’s tax assessment value.

Semiprivate Restrictions

The complexities of government-imposed restrictions pale in comparison to semiprivate restrictions that are often created during a property’s development. Consider the covenants, conditions and restrictions on use (CC&Rs) imposed when property is subdivided for development.

Private Restrictions

The most common private usage constraint is the deed restriction, which prevents the buyer of a property from using it for certain purposes. The treatment of deed restrictions and other limitations imposed by property owners varies by state.

State, Local Laws Prevail

Clearly, use restrictions — whether government-imposed or privately imposed — will usually impact a property’s market value. But from a property tax perspective, an assessor may or may not consider use restrictions in determining taxable value.

To learn more about Use Restrictions via Cris K. O’Neall and REBusiness Online, Click HERE.

texas property tax

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

Much to our dismay,  summer is coming to a close. With winter weather approaching in just a few months, now is the time to get your home and yard ready for the winter weather that is headed your way. Aside from just general cleanup of your yard, you’ll want to make sure that you check the snow-removal equipment, make sure the exterior of your home is ready, and that the interior is prepped as well. Here are some helpful tips.

Winter Weather

Clear out the yard.

In the summer, you likely have a lot of items in your yard. This can include things like patio furniture, benches, a grill, pool equipment, yard equipment, children’s toys, potted plants, and so forth. If you leave all of these items in the yard, this can cause a lot of weather damage to these items. Not to mention, if winter storms bring strong winds, this is debris that could get blown into your home and potentially cause damage.

Try to find a place that you can store these seasonal items. If you don’t have a garage or shed, look into a local storage unit that will keep everything safe and secure. Houston Chronicle points out that there are ample storage facilities in the Houston area, with rents in 2018 averaging 86 cents per square foot. You can shop online for deals, since many places have discounts. For instance, Proguard Self-Storage in Midtown and Montrose offers a second month free for all of their units.

When clearing away furniture, tools, and toys, don’t forget about wrapping up any delicate bushes that are part of your permanent landscaping. A bad winter storm can get the best of your plantings, and you’ll want everything to weather the season so you can enjoy your yard next spring.

Take care of the gutters.

Most areas that have snow will experience freezes and thaws periodically. If you have clogged gutters, this can lead to water pooling up on patios or on your property. Standing water is never good for your home. You can end up with water in your basement. Water can seep into cracks and gaps at the point of foundation, leading to mold growth within the structure of your home.

Clean out your gutters, and as Ned Stevens notes, you may want to consider adding gutter guards. These guards can be installed onto your gutters, preventing debris from building up over time. Check the downspouts to make sure they are pointing away from the home, the way they were intended to be used.

Prepare your plumbing.

Burst pipes is a wintertime mess that hits some homeowners when cold weather becomes severe. There are some steps you can take to keep your pipes safer when the colder weather arrives. Installing an emergency relief valve can help take some pressure off sensitive pipes in your home in a quick pinch.

The Spruce points out you can also affordably add some insulation to your pipes in order to keep them warm and protected. Pipes under your home aren’t going to receive the same benefit from internal heating and may benefit greatly from this insulation. Don’t forget to turn off your water for piping on the outside of your house.

The winter season can be very harsh on a home, whether it is a new build or a very old structure. Clear your yard of objects that could cause damage or become victims of harsh weather, tend your gutters, and prepare your pipes properly. A little bit of routine maintenance now will prevent you from having expensive repairs later on down the road.

 

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

Texas may not be the most expensive city to live in. In fact, Texas real estate rather has very high demand nowadays. We owe this to the millennials who are looking to invest in their own real estate properties.

But Texas lately had problems with their property tax. Some states like the state of California do have higher income and sales taxes. However Texas still has a higher property tax compared to California.

commercial property taxes

That’s because California is protected by a law that limits the annual tax rate increase. Currently, California only allows up to a 2% increase based on the value of the property. Meanwhile in Texas, property appraisals have reached 10%.

Annual Increase Limit

The current cap for the annual increase is 8%. If a taxing unit raises more than 8% of the property tax revenue of the previous year, voters can file a petition. This election can help roll back the increase.

But there are some taxing units such as community colleges that levy property taxes. They set the local tax rate.

With the Reformed Property Tax Code of Texas, the annual increase will be limited. Texas Governor Greg Abbott was in favor of this limit. In fact, he wished for a 2.5% cap, but it was amended to 3.5% which was approved by the House.

It wasn’t the number the governor wanted, but apparently, it was the closest he can get to his original plan. This was compared to what he got during the last session with the House.

Although the 3.5% property tax will not necessarily reduce the property taxes, it’s still beneficial to homeowners. This new bill will lower its maximum increase. In turn, it will make the process for property appraisal more transparent for them.

But it should also be noted that local taxing bodies can propose a higher tax rate. The only difference is it will take the vote of property owners to implement it.

This makes it easier for the people of Texas to be more involved with the process.

Hospital units and districts as well as community colleges with the lowest rates can call for a vote as well. But instead of the 3.5% cap, they should do it before surpassing their 8% revenue growth.

Importance to Taxpayers

Will this annual increase cap actually help Texan taxpayers?

Prior to the Reformed Property Tax Code of Texas, homeowners had no idea how property appraisals worked. Many are in fear of losing their homes because of high property tax. Through the new bill, the process will be more transparent.

The government will create an online database where property owners can see the rate changes. It will show the increase will affect their rate. Transparency also allows taxpayers to be more hands-on with the process.

They can take part in votes which will determine their property tax. An online form will also be easily accessible to the citizens. It’s now easier to have an opinion on the increase with this form.

Once they are more involved, they’ll feel more in control of what they pay the government.

Additionally, it allows them to appeal their property tax. Every taxpayer is allowed to do so, but not very many do. That’s because not many taxpayers are familiar with the ways of taxes.

Conclusion

The proposed limit of the annual increase in tax rate does not mean Texan taxpayers will have significantly lower tax rates. Yet compared to the current situation, people will have more control and will be more aware. In a place where they pay to live comfortably, it’s important that they are aware of what they’re paying for.

 

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

Budgets are important to keep a town, city, state, or nation progressive. Places that have higher tax rates are expected to have a better way of life.

But who creates these budgets? Do taxpayers have a say on the budget created by governing bodies? Does the Reformed Property Code of Texas change the way the Adoption of Budget goes?

Adoption of Budget

Adoption of Budget

Adoption of Budget is the formal process where a governing body approves a budget. Besides cities and states, businesses also adopt a budget. This is to ensure they can maintain their facilities and services.

For example, the state of Texas has a budget meant for building and maintaining public infrastructure.

But where do they get the money?

The government’s budget comes from us, the taxpayers. It comes from the annual tax we pay—from property, income, and product taxes. The governing body of the state of Texas has a formal process to come up with the budget.

This happens every year and is done at a certain point.

By August 29, the budget officer should have filed the proposed budget. They are normally accompanied by the city’s municipal clerk. This happens if the city plans to wait until September 29 to adopt the tax rate.

By September 1, the city should have provided a notice to the taxpayers. It should either be in the form of a publication or a mail. Included in this notice is the proposed tax rate.

Governing bodies should also publish a notice of tax rate public hearings. The first hearing normally takes place during the 23rd day of September. Hearings are held for a second and third time on the 26th and 28th of the month.

Public hearings are done when you want to appeal your property tax. It can lower your tax rate for the year and may help you save money. But it’s important to note that you won’t be able to do it alone.

If you want to appeal your property tax, approach a professional. You’ll have more chances of winning the case with them by your side.

The city should be able to adopt a budget by September 29 and no later.

The Process

The exact process takes place after the conclusion of a public hearing. The governing body of the municipality will take action on the proposed budget. A vote will then happen to adopt the budget.

The vote must be recorded.

Changes can be done by the governing body if they see it fit. But changes should be warranted by the law. It should also be in the best interest of the taxpayers.

Another vote is needed if the budget requires raising more revenue from the previous year’s property tax. It is essential to ratify the increase of the property tax which is reflected in the budget.

Adoption of budget requires a cover letter. It must include several elements, including the following:

Why Is It Important to Know the Adoption of Budget Process?

As a common taxpayer, you don’t really have that much say about the budget of the city. But it is still your right to know where your tax goes. Knowing the process of adoption of budget is one step towards that.

 

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

If you don’t know yet, it is possible for voters to petition to reduce the tax rate in Texas. This normally happens when the increase has passed the limit stated by the law.

Tax Rate Limit

As of now, the threshold is 8%.

But after the Reformed Property Tax Code of Texas, it has now decreased to 3.5%. This is a different number from what Texas Governor Greg Abbott wants. He first supported the 2.5% threshold.

Yet, the 3.5% cap is still a great help for taxpayers. It won’t significantly lower the property tax they have to pay. But it will slow its growth, and they can ultimately save some money.

The new limit to the tax rate will take effect in 2020.

What Happens If Taxing Units Go Beyond the Threshold?

It’s not impossible for taxing units to go beyond the proposed 3.5% threshold. In fact, it’s rather common. That’s why the law was made to help the public.

Even before the Reformed Property Tax Code, voters can petition an election. This tackles the increase of property tax. Once an election is approved, the voters can vote to decrease the tax rate for the year.

This normally happens if a taxing unit charges beyond the threshold. For the new property tax code, this will happen if the tax rate is 3.5% more than the previous year’s revenue.

Two public hearings should be held before the adoption of the tax rate.

When Is an Election Valid?

A petition for an election is only valid when:

  1. It states that it is intended to require an election in the city regarding decreasing the current adopted tax rate.
  2. It is signed by at least 3% of the total voters in the city. This should be based on the most recent list of valid voters.
  3. Petition is submitted to the city council not later than the 90th day after the city adopts the tax rate.

If a city has less than 30,000 population, calculating its de minimis rate is necessary.

If the city’s adopted rate exceeds the de minimis rate, there will be an automatic election. The election takes place in November.

Meanwhile, a petition, for it to pass, should be equal to or lower than the de minimis rate but exceeds the 3.5% limit.

Approval of Petition and Election

Only the city council can approve the petition. They should determine the outcome not later than the 20th day after it has been submitted. If it’s valid, the election shall be scheduled.

During the election, the ballots will be prepared to vote against or for a certain proposition. It includes the name of the city and the current adopted tax rate to the proposed one. Once approved, the tax rate will be reduced to the voter-approved rate.

If a taxpayer has already paid their property tax with the higher tax rate, he/she should be refunded. The refund should be calculated between the amount of taxes paid and the amount due under the reduced rate.

Transparency

Under the Reformed Property Tax Code of Texas, rates and the processes involved should be transparent. It’s one of the key changes the bill is aiming for. That means the adopted rates should be published for everyone to see.

Besides that, dates for submission of petitions and elections should be posted. The same goes for appeals and hearings.

With more transparency, taxpayers will have more control over their tax rates. There will be less confusion as to how their properties were appraised. Additionally, they can take charge and help create a better way for them to pay their taxes.

 

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

Water is a huge part of every property, regardless of whether it’s residential or commercial. But can or will it affect your property tax? In general, what should you know about the updated Water Code of Texas?

reformed property tax code

Water Code

The Water Code discusses the general and specific laws related to water use. It includes water administration, water rights, development, quality control, and more. Additionally, the water code also tackles the general and special law districts relating to this issue.

Basically, this code is made to address how water should be used. It also states how it affects you by way of the law. For example, if a river is included in your name, is it a taxable property? Or will creating a dam or pool increase your property appraisal?

According to the tax code, all real and tangible properties are taxable. That is unless the law exempts it.

For taxpayers, real properties being taxed are the norm. But what are tangible properties, and how do we know if it should be taxed?

Taxable Tangible Properties

By law, tangible properties are anything that can be touched or moved. Your furniture, money, and equipment are all tangible properties. That said, these are all included in the property tax you pay.

A water reservoir can’t be moved, technically. But as it is physical and can be touched, it is considered as a tangible property. That means that if you have a dam, pool, or some sort of water reservoir, it can affect your taxes.

For example, residential properties that have pools tend to have a higher appraisal rate. This is the appraised market value of the house. Once you have a higher market value, you normally have a higher property tax rate.

But with the Reformed Property Tax Code of Texas, the annual tax rap has a lower limit. From 8%, it has been approved to 3.5%. While not significantly lowering your tax rate, it helps you avoid its sudden growth.

You don’t have to be afraid of getting a higher property tax just because you have a pool. Once they go above 3.5% more than your previous year’s revenue, you can appeal your case. Doing so can help you get an even lower tax rate.

Tax hearings happen after a taxing unit has published the tax rate for the year. It’s best to get a realtor to help you with the process.

Water Rights and Management

Another important section of the Water Code of Texas pertains to your water rights or, specifically, your rights with the state water.

The state water is any natural flow of water from every possible source. Anything that the state uses is their property. It is possible to use the state water, but you have to acquire the right permit.

There are also several applicable uses to state water. For example, it can be used for both domestic and municipal uses. Most importantly, it should not pollute the state water in any way.

Additionally, there are requirements about the dimensions of the water reservoir you can make. You can create not more than 200 acre-feet of water. This is for fish and wildlife purposes.

But this is only applicable if the construction is qualified as an open-space land. You also don’t have to acquire a permit for these requirements.

According to the tax code, this exemption does not apply to commercial operations.

Before you start any construction involving state water, get your permit. It’s also best to talk with authorities regarding the policies.

Conclusion

The Reformed Property Tax Code of Texas aims to make tax easier for Texans. Another one of its goals is to make processes more transparent. By doing so, taxpayers have more control over what they’re paying for.

 

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

When you pay your property taxes, it’s important to be aware of who works behind the scenes. You might have heard about the comptroller but never knew what their exact line of work is.

In this article, we will discuss what a comptroller’s duties are. We’ll explain how a comptroller handles property values like school districts.

You don’t have to be in the Texas retail business to know what a comptroller’s office does. Read on below to uncover the mystery.

Hand with paper money and house shape. new house buy concept

Scope of Duties of the Comptroller According to the Reformed Texas Tax Code

On the Government Code 403.302, the comptroller has control on school district property values. One of which is to conduct a study on the taxable value property of each school district.

The study conducted by the comptroller needs to

If the comptroller does not conduct a study for the year, the present year’s local value is being deemed valid.

In each school district property, the comptroller determines the taxable value by doing the following:

If the study is valid by the comptroller’s standards, it will be the basis for the school district’s value. Without basis, the comptroller determines the state value of the school district. An exception happens when the local value exceeds the state value.

The comptroller should also use a margin of error (not exceeding 5%). This is the case unless the size of the property samples is being used to determine the value. In some cases, the comptroller has to resort to using a larger margin of error.

How a Comptroller Can Adjust the Property’s Taxable Value

For school districts with a population of 9,000 or less and a total area of 6,000 square miles, a tax year study is in need. If the comptroller finds it invalid, he/she can adjust the taxable value.

The alteration on taxable value needs to be

Taxable value is equal to the market value of all taxable property minus:

This is the main overview of a comptroller’s duties in school property districts. For a more in-depth discussion, you can always ask the help of tax property experts. It helps to know about the status of school district properties in your area.

 

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

The Texas Tax Code has undergone certain revisions this year. It includes that of Section 77 with section 281.124. This part discusses the election on approving tax rates and rollbacks.

Since the tax code undergoes quite a lot of changes, you need to keep yourself updated as well.

Texas Tax Code

We are here to help give you a clearer understanding of what those changes are. If you are a taxpayer or property owner in Texas, knowing your tax codes matters.

If you’re interested in elections on health and safety code rollback, then this article is for you.

Election to Approve Tax Rates in Excess of Rollback

Texas Tax Code Section 281.124 under Section 77 focuses on the health and safety code. It is also called the Election to Approve Tax Rate more than the voter-approval tax rate.

How Ad Valorem Taxes in Texas Affect Property Tax

Ad valorem taxes are also called property taxes. They are taxes that are being assessed by the local appraisers. It is the job of the country appraisal district to appraise the local properties.

Local taxing units set the tax rates. The tax rates and collected taxes are being based on the values of the appraisal. The property tax is one of the main sources of dollars used for local services in Texas.

Voters can vote for the following:

Why Is There a Need to Increase the Ad Valorem Tax Rate?

The ad valorem rate needs to be in excess for the consistency of the Health and Safety Code. The consistency in terminology for the ad valorem rate also affects the Title 1 of the Tax Code. The aim of the consistency is to help better describe specific tax rates.

Is There More to Learn about the Recent Changes on Elections?

Above are the main changes in the rules and regulations for holding elections. It focuses more on how the ad valorem tax rate is being affected. The statute also imposes the importance of the voter-approval tax rate. This is because the voter-approval tax rate is the basis for the current computation.

For more information about the changes in the Texas Tax Code, you can consult the experts. You can find real estate and property experts online to answer your questions.

 

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

Taxes are one of the toughest subjects to talk about for every layperson. Appraisals, rollback tax rates, provisions, and other terms are confusing. But as a taxpayer, you must try and understand these to the best of your ability.

Understanding these terms in their simplest form is essential. You need to know where your money is going and why you have to pay. There are also times when you can take action to lower your property tax.

Taxpayer Guide

One of the things we need to know is the rollback tax rate provision. Since the Texas property code has been reformed, there are new rules.

What Is a Rollback Tax Rate?

First off, what is a rollback tax rate?

The rollback tax rate is the calculated maximum rate that the law allows without voter approval. It is a calculated rate which divides a property’s overall taxes into two categories. These are the M&O and the debt services.

These are also known as interest and sinking.

The rollback tax rate allows a taxing unit to get almost the same amount of tax revenue spent for the previous year. Plus, there’s an 8% increase for day-to-day operations.

Voters in a taxing unit can create a petition that calls for an election. This will aim to limit the tax increase. But this only happens when the tax rate is higher than the rollback tax rate.

School districts are exempted from this.

The Current Rollback Tax Rate

The state of Texas has reformed its property tax code. The Property Tax Reform and Relief Act of 2019 has four goals. These are the following:

But not every property is a part of the proposed 2.5 percent rollback tax rate. If a taxing unit collects less than $15 million in the property tax levy, the rollback tax rate remains at 8 percent. Taxing units that collect more than $15 million property tax levy plus sales tax are lowered to 2.5 percent.

There’s also an automatic rollback election if they exceed the 2.5 threshold.

How Does This Affect You?

So, is this a good thing or a bad one?

The 8 percent threshold has been around since 1891. It has stayed there since then besides a decrease in the inflation rate. The reformed Texas property code drops it to its lowest since its inception in 1979.

Taxpayers will benefit from the current rollback tax rate. Since the threshold is lowered, it means you have more chances to pay a lower property tax. Additionally, the automatic election makes it easier for you to appeal your property taxes.

Then again, it’s still almost impossible to change your tax without an expert. You may understand more than the common taxpayer. But an industry expert knows every nook and cranny.

Before the end of a tax year, it’s best to talk with a real estate professional. Know your property’s worth and the possible tax rate you’ll get. If it exceeds the current rollback tax rate threshold, know what you should do from there.

Conclusion

Tax is a tricky topic, especially if you have no idea what the terms mean. It’s even more confusing when there are changes to the law.

If you have a taxable property, it’s always important to know the latest trends and news.

 

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

A lot of property owners express concern about the status of their taxes and properties. That is why it’s important to know when property taxes are due and when it’s considered delinquent.

Yes, there can be delinquent taxes, and that is on the delinquent tax bill. The Reformed Property Tax Code of Texas updated its delinquent tax bill with the delinquent tax suit.

tax appeal

How can you avoid this? The article talks about what you need to know about section 42.081 of the Texas Tax Code.

What makes this section special? It’s the latest addition to the tax code and tackles delinquent tax suits. The section also dwells on what happens in postponement.

Need to learn more? Continue reading below to see how the new section affects delinquent taxes.

Understanding How a Property Undergoes a Delinquent Tax Suit

Since Section 42.081 of the Texas Tax Code focuses on delinquent tax suits during an appeal, know what a tax suit is first. A delinquent tax suit happens when a taxing unit files a lawsuit on a property.

The taxes on the property needs to be under delinquent status for the lawsuit to happen. The lawsuit is usually the last resort of the taxing unit. When there is a successful delinquent tax suit, the tax bill shoulders the court costs.

Owners that have taxable properties need to pay their taxes due in the same year. Even if the owner sells the property, he/she can still face a lawsuit for delinquency.

The Senate Bill 2 (SB 2) Tax Code §42.081 added By Paul Bettencourt

Paul Bettencourt, also known as the “Tax Man,” is a Republican Senator in Houston. Bettencourt is the reason for the newest section of the Texas Tax Code, section 42.081.

Bettencourt’s tax ideas were already present in the Legislature for a long time. He aims to help commercial and residential owners when it comes to tax appraisal values.

The act of changing the state law, for Bettencourt, is his way of extending help to more people. Giving people back their money is a big aspect of Bettencourt’s goal. He believes that a rollback rate reduction is one of the easiest ways to do so.

Dipping into the New Waters of the Texas Tax Code 42.081

The Texas Tax Code Section 42.081 comes between taxing units and property owners. That means that taxing units can’t impose lawsuits on properties under an appeal.

Delinquent taxes are not entertained if the appeal is awaiting settlement. Overruling happens if the court finds a property owner’s failure to follow the requirements. The property owners need to follow Section 42.08. This is also known as the Forfeiture of Remedy for Nonpayment of Taxes.

Again, this only applies to properties under an appeal. Properties included should have their appeals filed after January 1, 2020.

Changes with Collections and Delinquency

In support to Section 42.081 of the Texas Tax Code, there are changes with phrases on Tax Code 31.02. The changes include deleting of “during a war or national emergency declared.” This helps people serving the US armed forces to pay off the delinquent taxes minus any penalties. The payment needs to be at certain prescribed times.

Another change focuses on Tax Code 33.01. Wherein postponed payments under Tax Code 31.02 aren’t paid, interest at 6% will accumulate. The 6% interest will take effect in a year or part of a year of the unpaid taxes. There are no penalties included as long as the payment is on time.

This Act will apply to penalties and interest within delinquent taxes. The delinquent taxes involved are those unpaid from September 1, 2019. This is regardless of any accumulated interest before the date.

Being Aware of Your Tax Delinquency Status

Always make sure to pay your tax dues. Know what your property taxes are, and take note of the dates when they are due.

It can help to contact your local taxing unit about your tax situation. You can also contact real estate or taxing experts to discuss specifics of your case.

 

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

Settling taxes can be a great deal of a job. If you are a property owner, you’d want to make sure you’re on top of the news. This includes being familiar with the Reformed Property Tax Code of Texas.

Learn more about what an arbitrator’s fee is and how it works. It helps when you understand what an arbitrator’s award is and when it’s granted.

Continue reading below to see what the Texas Tax Code 41A.09(b) is all about and what changes you can expect.

 Reformed Property Tax

Terms to Help You Understand What Is Under the Texas Tax Code 41a.09

It can be confusing to determine what are the meanings of terms in the Reformed Texas Tax Code. Below are some of the terms you might encounter while reading through the tax code.

Updates and Changes with the Reformed Property Tax Code of Texas Section 41a.09(b)

The Reformed Property Tax Code of Texas updated its rules and regulations. Section 41A.09(b) focuses on payment of arbitrator’s fee.

Arbitrators can be a person or a body who is “officially” appointed to settle disputes. These are people who face property owners with issues on the property.

An arbitral award is also known as an arbitration award. This is the focus of section 41A.09(b) under the Reformed Property Tax Code Of Texas. The award comes from an arbitration tribunal through an arbitration proceeding. The arbitral award functions the same as a court judgment.

Payment of Arbitrator’s Fee and What the Arbitration Award Includes

The arbitral award only comes from the arbitrator. Copies are in the distribution for the property owner, appraisal district, and comptroller only.

Understanding the Role of the Arbitrator

Before, the role of the arbitrator under the Reformed Texas Tax Code was more lenient. With the reformed tax code, choosing a competitive and reliable arbitrator is easier. Knowing the requirements to hire arbitrators will make property owners trust them more.

 

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

Tax rates can be tricky when you live in parts of Texas. This is true for both homeowners and business owners. If you want to make sure that your property is under protection, learn the tax rules.

This also applies to the changes and revisions on the tax code. Don’t be too worried about reading the legislation.

We’re here to help you understand what the current changes in tax rates increase notices are. It’s important that you get timely updates on tax rate increases.

Property tax saving tips

This article gives you a simple explanation of how to keep up with tax rates imposed by taxing units. Read on below to know more.

The Texas Tax Code 26.065 and What It’s All About

The Texas Tax Code 26.065 talks about the Supplemental Notice of Hearing on Tax Rate Increase. It is effective on June 4, 2019, under the current legislation of the 2019 Regular Session.

According to the tax code, there should be a notice given to property owners before any changes to tax rates. There are available notice forms in the Texas Comptroller model form, but these are not strictly required.

Any taxing unit has the freedom to create their own notice. They should use statutory language. The taxing unit needs to be aware of the publication requirements of posting notices.

Publication Requirements on the Notice of Hearing on Tax Rate Increase

Taxing units need to be aware of how they should publish the notice. There are several platforms wherein taxing units can use to their advantage. It is crucial that they know how and when to publish the notices long enough to reach the taxpayers.

When Are the Requirements Inapplicable to Certain Taxing Units?

In any case that the taxing unit has an electronic or mechanical failure, they can be in excuse. This also goes for instances wherein the situation goes out of hand for the taxing unit.

People with taxable properties who try to follow requirements but fail aren’t allowed to bid. The bidding in question is one that prevents the tax by the taxing unit.

Still Confused? Don’t Worry There’s Still a Way

If you are still worried about how to find tax rate notices you can always contact your local taxing unit. It also helps when you talk to legal professionals and experts who can assist you. The important thing is you get notification beforehand. You have to know in advance when there are any changes in the tax rate of your property.

 

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

What does the new Senate Bill 2 mean for Texas property owners? Dealing with tax rates has been something that is puzzling and also challenging to understand. Not everyone who owns a property knows everything about taxes and petitions.

You don’t need to worry too much. This is why research and reading related articles online will help give you clarification.

This article aims to help you know what the petition to reduce the tax rate of taxing units is all about.

reduce tax

Both business and home property owners have the right to know how and when to file petitions.

If you want to learn what is under the new Texas Property Tax Reform, then continue reading below.

The Petition to Reduce Tax Rate of Taxing Unit and Who It Affects

The Senate Bill 2 (SB 2) or the Texas Property Tax Reform and Transparency Act of 2019 are under an update. This is through the help of the passing of the Texas Legislature in 2019.

Section 26.075 of the SB 2 talks about where de minimis rate or the 10% rate applies to. The de minimis rate works as follows:

Explaining the De Minimis Rate and Its Scope

Encountering the de minimis rate can be confusing. An easier way to determine the de minimis rate is to look at a city’s population.

When a city us under 30,000 population with a de minimis rate exceeding 3.5% voter-approval rate, the rules should be as follows:

Under What Circumstances Should City Voters Submit a Petition?

A city can submit a petition for an election if the de minimis rate exceeds the voter-approval rate. They can also do this when the adopted rate of the city is equal to or lower than the de minimis rate.

This also applies to adopted rates more than the voter-approval tax rates of the city.

A higher voter-approval rate means a 3.5% rate with an unused added rate. Petitions can also arise from cities with a special taxing unit. This means that they should have a calculated voter-approval tax rate via the taxing unit. The voter-approval tax rate of taxing units is usually around 8%.

What Happens When the Adopted Rate Is Lesser Than the Voter-approval Tax Rates?

When the adopted rate is lesser than voter-approval tax rates, there’s no need for a petition. This also goes for adopted rates that are lower than the special taxing unit tax rates.

If a smaller city has a de minimis rate exceeding 3.5%, the adopted rate is possible. This means that the city can adopt a rate all the way up without any automatic election in November.

The city in question needs to make sure that the de minimis rate is more than the 3.5% voter-approval tax rate.

But the current law is still applicable to these smaller cities. When the adopted rate of the city is higher than the 8% voter-approval rate, the petition for election goes on. The adopted rate of the city should be higher than the 8% voter-approval rate but lower than the de minimis rate.

How Should a City Undergo a Petition and Election Process?

Now that the petition for an election is underway, there are a few things to make sure of. The petition can only be valid for the following reasons:

When Is a Petition Deemed Valid?

The city council determines the validity of the petition. This will last not later than the 20th after the submission of the petition.

If the petition is valid, the election will be on the next agreed date of the majority. The date needs to give enough time for the city to follow the requirements.

There should also be ballots during the election. It should state if they should be voting for or against the following:

“Reducing the tax rate in (name of the city) for the current year from (insert tax rate adopted for the current year) to (insert voter-approval tax rate).”

If a property owner has already paid taxes from a previous tax rate, the city needs to issue a refund. This can happen when a tax rate that has already “been paid” is “reduced” after the petition.

The refund will come from the difference between the taxes “paid” and the current reduced tax rate.

 

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

Some of the many amendments introduced in the Texas Property Tax Reform and Transparency Act of 2019 focus on the “no-new-revenue” tax rate. The “no-new-revenue tax rate” replaces “effective tax rate” in the new legislation. What is the no-new-revenue tax rate, and what is it for?

What is “no-new-revenue”?

The no-new-revenue tax rate is a rate conveyed in dollars for every $100 of taxable value. The formula to calculate for the no-new-revenue tax rate is as follows:

No-new-revenue tax rate = (Last year’s levy – Lost property levy) / (Current total value – New property value)

Property Tax Reform

The no-new-revenue tax rate for a whole county is the total of all the no-new-revenue tax rates for each type of tax levied by the county.

The formula for calculating the no-new-revenue tax rate changes during the first year that a taxing unit requires an additional sales and use tax. In this case, you can compute for the no-new-revenue tax rate using this formula:

No-new-revenue tax rate = (Last year’s levy – Lost property levy) / (Current total value – New property value) – Sales tax gain rate

Here, “sales tax gain rate” is what you get when you divide the revenue expected from the additional sales and use tax in the coming year by the current total value. Like the no-new-revenue rate, the sales tax gain rate is in dollars per $100 taxable value.

There is another formula for calculating the no-new-revenue tax rate. This one is for a year in which a taxing unit stops imposing an additional sales and use tax. The formula is as follows:

No-new-revenue tax rate = (Last year’s levy – Lost property levy) / (Current total value – New property value) + Sales tax loss rate

The “sales tax loss rate” is what you get when you divide the sales and use tax revenue from the last four quarters by the current total value.

No-new-revenue tax rate to pay for state criminal justice mandate

Section 26.044 of the Tax Code says that during the first tax year, a county approves a tax rate after September 1, 1991, and during which the state criminal justice mandate applies, the county’s no-new-revenue maintenance and operation (M&O) rate will be increased. The formula for the rate of increase is:

State criminal justice mandate / (Current total value – New property value)

For the second and subsequent tax years—and if the amount spent for the state criminal justice mandate was increased over the previous year—the no-new-revenue M&O rate will increase. The formula for the rate of increase is the following:

(This year’s state criminal justice mandate – Previous year’s state criminal justice mandate) / (Current total value – New property value)

Tax rate adjustment for indigent health care

Section 26.0441 of the Tax Code says that during the first tax year, a county approves a tax rate after January 1, 2000, and during which the enhanced minimum eligibility standards for indigent health care apply to the taxing unit, the no-new-revenue M&O rate will increase. The formula for the increase is as follows:

Amount of increase = Enhanced indigent health care expenditures / (Current total value – New property value)

During each subsequent tax year, if the enhanced indigent health care expenses surpass the expenses from the previous year, the no-new-revenue M&O rate will increase. The formula for the increase is indicated below:

Amount of increase = (Current tax year’s enhanced indigent health care expenditures – Previous tax year’s indigent health care expenditures) / (Current total value – New property value)

When there is an increase in the no-new-revenue M&O rate, the taxing unit is required to publish the information in a newspaper and on the taxing unit’s website.

 

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

Property values are on the constant rise. It doesn’t only apply to one city but in all of Texas. This gives property owners anxiety when receiving their monthly mail.

Are you always worried about the changes in tax rates? This is why you need to look out for the deadline of filing a property tax protest.

property tax

The new Texas Tax Code has recent updates when it comes to options for property owners. These options are for people who want to protest property taxes.

Need to know more about what protest hearing notices are? What are the requirements needed to file them?

If you’d like to know what to do to lower the appraised value of your property, then read on below.

Starting an Effective Property Tax Protest Hearing

Property owners who’d like to lower their property appraised value can file an appeal. They can do this through the review board of their appraisal district. When there are higher values, it means there are higher taxes.

If you want to make sure that your appeal makes it to protest hearings, you need to prepare. Be armed with sound arguments to win over the review board.

How Does the Appraisal Review Board Go About the Protest Requirements?

The appraisal review board needs to supply owners a written notice. This notice needs to have the time, date, and place of the property tax appeal hearing. The notice should be in delivery at least 15 days before the actual hearing date.

Delivery should be in first-class postage. A delivery date does not begin from the date of receipt by the property owners. It begins when the notice is already in the mail.

The chief appraiser needs advance notice of the protest schedule from the board. The board needs to follow this for each hearing that is in submission.

The type of protest hearing also depends on the subject matter of the protest itself. There are different cases for each protest, which is why it’s vital to consider the situation.

When a protest is for a taxable estate, the notice is sent to the attorney general and the state agency. This also goes for the interest in possessing a real property owned by the state. If the property is from a political subdivision, the notice goes to its governing body.

Preparing for the Protest Hearing

There are certain ways that property owners can prepare for the hearing. The notice of the protest hearing can give anyone a nervous nudge, but it also helps to be ready. The tax reform gives property owners more options in filing a protest hearing. You need to make sure to get your message across.

Protests are a big help to property owners. This is because it saves you thousands of paying for taxes.

Each case has its own outcome, but protests give property owners the change they need. One common need for property owners is to keep the property taxes low.

If it helps to hold protests every year, then property owners can do so.

 

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

A lot of people are happy about the latest Property Tax Bill for Texas. This update helped fix the major flaws found in the system, with the help of Senate Bill 2 (SB 2) of the Texas Property Tax Reform and Transparency Act of 2019.

Lowering of the tax rate is one of the most anticipated news of property owners. Rising property values is something that property owners are always concerned with.

To understand what the 41A.061 section or the renewal requirements for arbitrators call for, read more below and learn how to complete the requirements.

Property Tax Reform

This article helps to clarify how arbitrators become qualified for renewal.

What the Renewal of the Agreement for Arbitrator Qualification Is All About

According to SB 2 section 41A.061 (b)(c), there are updates on the arbitration review board (ARB) members. The ARB board training has updated requirements for existing and new members.

Property owners who might have had bad impressions of the members now have new hope. Part of the requirement for members is to go through an 8-hour training session.

This also goes the same for arbitrators who hear protests.

A Closer Look at How a Person Can Continue to Serve as Arbitrator

If you want to know the exact requirements that arbitrators need to qualify, we’ll break them down for you.

There needs to be a qualified arbitrator in the registry. This should be in place until the 2nd anniversary of the date when the person was first added. An arbitrator is a person “officially” appointed to help settle disputes.

To be in the registry after the 2nd anniversary, renewal of the arbitrator agreement is in need. The renewal needs to be close to the issuance of the license or certification dates.

Requirements to Renewing a Person’s Arbitrator Position

To keep your position as an arbitrator you must file a renewal application. That person should follow what the comptroller advises him/her about the application.

You also need to make sure that you meet the arbitrator requirements mentioned above.

It’s also important that an applicant has completed at least 8 hours of education. The education requirement includes continuing education in arbitration and alternative dispute resolution procedures. Bear in mind that education should come from the following:

It’s also important to note that the person needs to complete the education at least 2 years prior. The applicant shouldn’t have skipped these and has had continuous education.

How Is a Person Removed from the Registry?

One thing that applicants or current arbitrators wouldn’t want to happen is removal. This is possible as long as a property owner or a group of owners have issues against you.

Arbitrators can face registry removal when their agreement renewal is being denied. They can also face removal if the issues work against them. This means when the comptroller determines a good cause for removal, it’s implemented.

Things that can get an arbitrator removed include having a repeated bias. If there is evidence of misconduct, it can also remove one’s position. Simply put, a person can face removal from service if they have misconduct while acting as an arbitrator.

The Importance of Renewals and Following the Requirements

As more and more property owners want good changes, these changes need implementation. The new tax reform law gives property owners more freedom and options with their taxes.

This is why the updates on the tax reform law focus on making things easier for property owners. If you are a good arbitrator, you will still have your place. You have to make sure that you and the property owners are in good standing with each other,

Of course, completing your application and ensuring you have the education is crucial.

 

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

The Texas Administrative Code received an update this year. This is something that many property owners in Texas have been waiting for. This is because there have been quite a few flaws with the tax code in recent years.

Thanks to the new tax reform law, a lot of options became open to property owners. Not only are the tax rates reviewed, but the qualifications for arbitrators as well.

The appraisal review board has come up with a qualifying list. This is for current and new applicants who wish to serve as arbitrators.

Need to know more about the updates? Then read on below to see what these qualifying requirements are.

Property Tax Code

This article aims to help you understand what the significant changes are in the tax code.

The Registry and Qualifications to Be an Arbitrator

Arbitrators are independent bodies or people appointed to help settle disputes. You can see them in protest hearings and other related tax reform situations.

It’s important for property owners to know their arbitrators and trust them. It is also vital that arbitrators have the right education for them to get the position.

The comptroller needs to have the list of qualifying applicants. Applicants are those who agree to serve as arbitrators and have the qualification.
The applicant should be a licensed attorney in the state.
The applicant needs to complete 30 hours of training. This training should be in arbitration and alternative dispute resolution procedures. Training needs to be from a college or a legal/real estate trade association. Establishments that offer the training have to have the right certification.

What Are the Requirements That Legal Professionals Should Comply?

Given that licensed attorneys are being accepted as applicants, how do they qualify? There are certain requirements that let a legal professional serve as an arbitrator. Below are the needed conditions they have to pass.

The license should be at least five years before a person serves as an arbitrator for the following:

Arbitration Fees: How Much Should One Collect?

Arbitration fees can also be tricky. But the tax reform code does address what should be the right fee for the service. According to the update, the arbitration fee should be as follows:

What an Arbitrator Training Program Should Be About

The training program that arbitrators must complete should be about property tax law. This is to prepare them before conducting an arbitration hearing.

These hearings cover the appeal of an appraisal review board order. This is where the protests are under review and determined.

The training program needs to emphasize requirements in equal and uniform property appraisal. They should also be around four hours long. Training also needs prior approval from the comptroller.

Are You Qualified to Be an Arbitrator? Do You Now Know How to Choose One?

Whether you are applying or checking applicants, it helps to know the requirements. This helps give you more understanding about what the job is all about. It might be normal for you to encounter arbitrators. But now you know more about their process of recruitment.

Learning about the qualifying requirements helps you understand the process. You’re now aware of what arbitrators need to do before landing the title.

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

A top priority of state lawmakers for many years, the Texas Property Tax Reform and Transparency Act of 2019 was finally signed into law last month. The expansive Senate Bill 2 (SB2) aims to slow the growth of property taxes in the state. The goal is to ease the huge tax burden on property owners.

SB2 makes several changes to the property tax appraisal and collection processes. New policies and requirements, like the publishing of certain data on official websites, are meant to make property tax systems easier for Texans to understand.

property tax terms

Among the amendments included in SB2 are those that define or redefine terms used in the Tax Code. These terms include the following:

“De minimis rate”

SB2 adds Subdivision 8-a to the Tax Code. Subdivision 8-a defines the term “de minimis rate” and how it is calculated. “De minimis rate” is the total of (1) the no-new-revenue maintenance and operations rate (M&O) of a taxing unit, (2) the current debt rate of a taxing unit, and (3) the rate that will impose taxes amounting to $500,000 when applied to the current total value of a taxing unit.

“Special taxing unit”

SB2 also adds Subdivision 19, which defines the term “special taxing unit,” to the Tax Code. “Special taxing unit” refers to a taxing unit, with the exception of a school district, that has a proposed M&O rate of 2.5 cents or fewer per every $100 of taxable value for the current tax year. A special taxing unit can also mean a hospital district or a junior college district.

“Excess collections”

There is a major change to the definition of “excess collections.” It is now defined as the amount by which debt taxes collected during the previous tax year exceeded the amount expected in the previous year’s calculation of the voter-approval tax rate. SB2 introduced “voter-approval tax rate” as an alternative to “rollback tax rate.”

The taxing unit’s collector is responsible for certifying the excess collections.

“Last year’s levy”

The term “last year’s levy” refers to the total amount of taxes refunded by a taxing unit in the previous year for tax years before that year. It also includes the taxes that would be generated when the total rate adopted by the governing body in the previous year is multiplied by the total taxable value of property found on the appraisal roll for the previous year.

The total taxable value includes any taxable value reduced in an appeal based on Chapter 42 of the Tax Code. The appraisal roll includes all supplements and corrections except for those made according to Section 25.25 of the Tax Code as of the calculation date.

The definition indicates that the previous year’s taxable value for a school district will exclude the total value of homesteads that have qualified for a tax limitation. It also says that the previous year’s taxable value for a municipality, county, or junior college district will exclude the total value of homesteads that have qualified for a tax limitation.

SB2 adds a new criterion to the definition of “last year’s levy.” It adds “the portion of taxable value of property that is the subject of an appeal under Chapter 42 on July 25 that is not in dispute.”

“No-new-revenue maintenance and operations rate”

“No-new-revenue maintenance and operations rate” replaced the term “effective maintenance and operations rate.” This rate is generated in dollars per $100 of taxable value. It is obtained by using the formula:

No-new-revenue maintenance and operations rate = (Last year’s levy – last year’s debt levy – last year’s junior college levy) / (Current total value – new property value)

 

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

The Texas Property Tax Reform and Transparency Act of 2019 aims to reduce the tax burden on property owners. It does this by requiring voter approval before taxing units can increase their property tax revenue. It also requires limits on certain tax increases.

The new legislation amends Section 26.045 of the Tax Code. This section lays out the requirements for counties, cities, and special districts to avail of voter-approval tax rate relief through pollution control.

Business man and Tax burden

Here’s what the law says:

Voter-approval tax rate relief and pollution control

According to the Tax Code, political subdivisions of the state of Texas can receive voter-approval tax rate relief by meeting certain pollution control requirements. Political subdivisions include cities, counties, villages, towns, and special districts.

The law says that a political subdivision’s voter-approval tax rate will be increased by the rate that, when applied to the current total value, will impose taxes equal to what the political subdivision will spend from its maintenance and operations fund on a pollution control device, facility, or method.

The facility, method, or device must meet the requirements for a permit from the Texas Commission on Environmental Quality. It must control, reduce, prevent, or track land, water, or air pollution. It can be a building, structure, machinery, equipment, or installation.

How to get voter-approval tax relief for pollution control

For its voter-approval tax rate to be adjusted, the political subdivision must submit a permit application or a permit exemption request to the executive director of the Texas Commission on Environmental Quality. The application or request must provide sufficient information about the pollution control facility, device, or method.

This information must include the expected environmental benefits of the device, facility, or method on air, land, or water pollution control. It must state the estimated cost of the device, facility, or method. It must also explain the exact purpose of the pollution control device, method, or facility.

After the executive director of the Texas Commission on Environmental Quality receives the information, he or she will check if the device, facility, or method is used for pollution control wholly or partly. The executive director will then report his findings to the political subdivision. The letter will state what part of the cost of the facility, method, or device is for pollution control.

The political subdivision will pay a fee to have their property inspected. The fee charged by the Texas Commission on Environmental Quality to determine if the property is for pollution control should not be more than the administrative costs for determining the purpose of the property, processing the information, and issuing the letter.

After receiving the letter from the Texas Commission on Environmental Quality, the political subdivision will provide a copy to its tax assessor. The letter from the commission will serve as conclusive evidence that the property is for pollution control. The tax assessor will then adjust the political subdivision’s voter-approval tax rate.

List of pollution control facilities, devices, and methods

The Tax Code has a list of facilities, devices, or methods for land, water, and air pollution control. The list includes:

Click here for the full list. The Texas Commission on Environmental Quality updates the list every three years. It can remove an item from the list if there is evidence that it has no pollution control benefits.

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.

Texas Gov. Greg Abbott signed the Texas Property Tax Reform and Transparency Act of 2019 into law last month. The new legislation, long a priority of Texas lawmakers, introduces measures that will reduce the tax burden on property owners.

New Rules For Hearings

One of the ways it does this is by requiring voter approval before a taxing unit can increase its property tax revenue. Section 26.07 of the Tax Code states the requirements for an election to approve a new tax rate for a taxing unit that is not a school district.

Here’s what it says.

When are elections for the approval of a tax rate held?

Section 26.07 goes into detail about the requirements and procedures for an election to approve a new tax rate. This only applies to taxing units that are not school districts.

The registered voters of a taxing unit will hold an election for the approval of a new tax rate if:

An election to approve the tax rate adopted by a governing body is not necessary when there is an increase in expenditure in response to a disaster. These disasters include hurricanes, floods, tornados, wildfires, and other natural calamities, excluding drought.

To qualify for this exemption, the disaster must have made a significant impact on the taxing unit. The governor must have declared a part of the area covered by the taxing unit as a disaster area. The tax rate in question is for the year following the one in which the disaster occurred.

How is an election to approve a new tax rate conducted?

The election will be held in the taxing unit on a date prescribed by the Election Code. Specifically, it will be on the first Tuesday after the first Monday in November of the applicable tax year. The order for the election must be issued not later than 71 days before the election.

For the election, the ballots must state the adopted tax rate, the tax rate for the previous tax year, and the difference between the voter-approval tax rate and the adopted tax rate.

What happens after the election?

If a majority of the votes favors the proposition, the tax rate for the current tax year is the rate that was adopted. If a majority of the votes rejects the proposition, the tax rate for the current tax year is the voter-approval tax rate.

If the election results in the adopted tax rate being rejected and the tax bills have already been mailed, the tax assessor will mail corrected tax bills. The new bills will include an explanation for the corrected bill.

If a property owner has already paid taxes using the adopted tax rate and the election results in the adopted tax rate being rejected, the taxing unit will issue a refund. The refund will be the difference between the taxes paid and the actual amount due based on the voter-approval tax rate.

The taxing unit will issue the refund immediately as long as the difference is at least $1. If the difference is less than $1, the taxing unit will refund the amount on request of the taxpayer.

Your property taxes will be aggressively appealed every year by the #1 property tax firm in the country. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced! Many FREE benefits come with enrollment.