Post by flash on Jun 7, 2015 10:18:05 GMT -7
M. Beatrice Thick
Tax Accounts Supervisor
City of El Paso Tax Office
221 N. Kansas, Suite 300
El Paso, TX 79901
Ph: (915) 212-1738
Fax: (915) 212-0107
From: Thick, Bea M.
Sent: Wednesday, June 03, 2015 2:26 PM
Subject: rollback rate
If a taxing unit, other than a school district, adopts a tax rate that exceeds the rollback rate, voters may petition for an election on the tax increase.
The rollback rate is the tax rate that would be needed to raise the amount the unit levied in the preceding year plus 8%. The rollback rate is published along with the effective tax rate.
Rollback process starts after the taxing unit formally adopts the tax rate. If the adopted rate exceeds the rollback rate, voters may start the petition drive.
If the tax rate adopted for the current year by the taxing unit imposes M&O taxes of $5 million or more, seven percent of the registered voters shown on the most recent official voter list must sign the petition. If the tax rate adopted by a taxing unit imposes taxes for M&O of less than $5 million, the signatures of 10% percent of the registered voters in the unit are required on a petition.
We don’t provide the forms for the rollback petition. Attached is a sample rollback petition and ballot, from the 2012 Truth-in-Taxation pamphlet provided by the Texas State Comptroller, Property Tax Division.
You may find this link helpful,
comptroller.texas.gov/taxinfo/proptax/tnt/
M. Beatrice Thick
Tax Accounts Supervisor
City of El Paso Tax Office
221 N. Kansas, Suite 300
El Paso, TX 79901
Ph: (915) 212-1738
Fax: (915) 212-0107
flash