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Texas House Approves Property Tax Appraisal Review Legislation
Wednesday, May 24, 2017 6:50 AM

The Texas House has approved property tax legislation after amending SB 669 by Senate Finance Committee Chairwoman Jane Nelson (R-Flower Mound). This bill, as filed, addresses the property appraisal review process that many see as unfair to taxpayers and unresponsive to taxpayer criticisms. It expands taxpayer rights and participation in the process and requires more training for appraisal review board members and arbitrators.

Under the committee substitute, local governments would have to announce a “no-new-revenue” tax rate each year and compare it to the rate they’re actually proposing. Taxpayers would get a copy of that and could intervene before the rates are finally set.

The Senate version of the bill required cities and counties to get voter approval for their property tax rates if revenues exceed 5 percent compared to what the entities collected the year before. The House's version leaves that "rollback" threshold at 8 percent and only triggers an election if constituents successfully petition for a vote.

CSSB 669 passed the House on a 137/0 vote and goes back to the Senate for concurrence of the amendments or appointment of a conference committee.

For more information, please contact Texas Credit Union Association President Jeff Huffman at 469-385-6488 or jhuffman@txcua.coop.