SB 10

In 2019, the 86th Texas Legislature enacted legislation that reformed the property tax appraisal and rate-setting process, including a reduction in the voter-approval tax rate (VATR) for certain taxing units (previously referred to as the "rollback tax rate""). Additionally, the 86th Texas Legislature enacted legislation that revised public school funding formulas and changed other elements of the public school finance system. The bill sponsor has informed the committee that, since the enactment of this legislation, city councils and county commissioners courts often seek to increase property tax rates in tax years during which the legislature provides school district property tax relief. The bill sponsor has also informed the committee that, over the last few years, municipal and county property tax levies increased at faster rates than school"