(a) The board may impose the tax at a rate not to exceed the limit approved by the voters at the election authorizing the imposition of the tax.
(b) The tax rate for all purposes may not exceed 75 cents on each $100 valuation of all taxable property in the district.

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Texas Special District Local Laws Code 1054.252


(c) In setting the tax rate, the board shall consider the income of the district from sources other than taxation.