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The calculation of state funding for school districts is tied to tax effort; thus, tax rates provide an essential component in the state's school finance formulas. These spreadsheets provide comptroller tax information, including property tax rates by district for the specified tax years.
The office of Dallas County Tax Assessor/Collector John Ames says last year about 25% of homeowners with tax ceilings owed $0 in school taxes.
Under Senate Bill 2 and Senate Bill 3, $18 billion of Texas' historic budget surplus will be allocated toward driving down school district property tax rates, increasing homestead exemptions for Texas homeowners, and increasing Franchise Tax exemptions and appraisal caps for small businesses.
Most school districts are required to set a tax rate of at least $1 per $100 of property value — meaning a house with a taxable value of $250,000 would pay at least $2,500 in school...
Will their school taxes go even lower than $1,245 because of the new property tax relief that has been signed into law? The new formula allows them to exempt an additional $60,000 of their home...
In dozens of school districts across Texas, voters decided Tuesday whether to accept or reject big property tax increases and new bond debt that must be repaid with property taxes. A few of the biggest school bonds on the November 5 ballot were rejected—including the largest bond in Texas history, which was proposed by Houston Independent ...
This letter details matters regarding tax rates for the 2024 tax year (TY) and the related state funding implications for the 2024–2025 school year (SY) based on Texas Education Code (TEC), §§48.255, 48.2551, and 48.2552, and 19 Texas Administrative Code (TAC) §61.1000.
Policy analysts and lawmakers project that the expanded homestead exemption and lower school tax rate would reduce a Texas homeowner’s property taxes by an average of 41.5%, or about $1,300...
Based on preliminary district tax rates released by the Texas Education Agency (TEA), a property owner with a home valued at $413,338 (the average price of a Texas home in 2022) would save between $731 to $812 in a year under SB 2. Property owners with homesteads valued at or below $100,000 will be completely exempt from paying school district ...
HB 3 increased state funding to school districts by $6.5 billion in the 2020-21 biennium, and allo-cated an additional $5.0 billion to lower school district tax rates by $0.07-$0.11 in the first year, with fur-ther reductions in year two and subsequent years, by using school district value growth above 2.5% to an-nually compress rates.