Texas Tax Code 1.045 – Reference to Certain Terms in Law
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Tax Code 1.045
- Taxing unit: means a county, an incorporated city or town (including a home-rule city), a school district, a special district or authority (including a junior college district, a hospital district, a district created by or pursuant to the Water Code, a mosquito control district, a fire prevention district, or a noxious weed control district), or any other political unit of this state, whether created by or pursuant to the constitution or a local, special, or general law, that is authorized to impose and is imposing ad valorem taxes on property even if the governing body of another political unit determines the tax rate for the unit or otherwise governs its affairs. See Texas Tax Code 1.04
Unless the context indicates otherwise:
(1) a reference in law to a taxing unit‘s effective maintenance and operations rate is a reference to the taxing unit’s no-new-revenue maintenance and operations rate, as defined by Chapter 26;
(2) a reference in law to a taxing unit’s effective tax rate is a reference to the taxing unit’s no-new-revenue tax rate, as defined by Chapter 26; and
(3) a reference in law to a taxing unit’s rollback tax rate is a reference to the taxing unit’s voter-approval tax rate, as defined by Chapter 26.