Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 5502 modifies the calculation of ad valorem tax rates for taxing units and changes the process for approving tax rates that exceed the voter-approval threshold. It revises the formulas for determining no-new-revenue and voter-approval tax rates while repealing certain provisions that previously regulated local tax increases. The bill also affects special taxing districts, school funding calculations, and local tax adjustments based on population and property values​.
Author
Cody Vasut
Contact the Author
Rep. Cody Vasut
Capitol Phone:
(512) 463-0564
Capitol Office:
EXT E1.314
E-Mail:
