Rollback process

A regular reader sent us this note:
Brutus
Here is what receive from the City Tax office you can post this also there is a petition form in PDF on the bottom of the e-mail. So far nothing from the county.
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,

One Response to Rollback process

  1. U says:

    You can also stop the issuance of CO’s via a petition which then would force the issue to a vote of the electorate.

    Like

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