Texas Local Government Code 351.158 – Levy of Taxes
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(a) The board may annually levy taxes to pay the bonds authorized under § 351.149 and issued by the district, but the district may not levy taxes to pay the principal of or interest on revenue bonds issued under this subchapter.
(b) The board may levy taxes for the entire year in which the district is created.
Terms Used In Texas Local Government Code 351.158
- Appraisal: A determination of property value.
- Contract: A legal written agreement that becomes binding when signed.
- Property: means real and personal property. See Texas Government Code 311.005
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) The board shall levy taxes on all property in the district subject to district taxation.
(d) In setting the tax rate, the board shall take into consideration the income of the district from sources other than taxation. On determination of the amount of tax required to be levied, the board shall make the levy and certify it to the tax assessor-collector.
(e) Title 1 of the Tax Code governs the appraisal, assessment, and collection of district taxes.
(f) The board may provide for the appointment of a tax assessor-collector for the district or may contract for the assessment and collection of taxes as provided by Title 1 of the Tax Code.