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When the Texas House considered changing the law last year to lower the cap to 5% as part of a tax relief package, experts told the Texas Tribune that local governments and school districts could ...
The Tarrant Appraisal District has extended the deadline for property owners to protest their assessed market values to May 30, after people have struggled to navigate an unstable website that ...
School district officials and tax professionals told the Star-Telegram and the TAD board members that the changes could cause districts to fail the Texas Comptroller’s biennial property value ...
A tax-allocation district (TAD), also known as tax increment financing, is a defined area where real estate property tax monies gathered above a certain threshold for a certain period of time (typically 25 years) to be used for a specified improvement.
The Texas Tax Reform Commission (TTRC) was created by Texas Governor Rick Perry in 2005 to modernize the state tax system and provide long-term property tax relief as well as sound financing for public schools. Upon the Commission's creation, Governor Perry requested that the "ultimate recommendations on reforming the state tax structure focus ...
After serving on Arlington's city council and as tax assessor-collector for Tarrant County, Wright was elected to the House of Representatives in 2018 and reelected in 2020. Before his death from COVID-19 on February 7, 2021, Wright had been diagnosed with lung cancer in June 2019.
The tax assessor-collector has a voting role on the Board of Directors of the Tarrant Appraisal District, which has faced pushback from school districts and other critics of its recent changes to ...
Senate Bill 2 tackles property tax issues, and House Bill 3 directly deals with school finance reform. House Bill 3 raised the amount per student each district is allotted from $5,140 to $6,030, and also reduces school property tax rates by about four percent per $100 in property value. [2] House Bill 1 is the overall budget for Texas.