| Vote Recommendation | Economic Freedom | Property Rights | Personal Responsibility | Limited Government | Individual Liberty |
|---|---|---|---|---|---|
| Yes | Neutral | Positive | Neutral | Positive | Neutral |
SB 1 is a property tax reform act which would help reduce the rate of property tax growth across Texas and empower taxpayers to have a more significant voice in proposed property tax increases.
Most significantly this bill would reduce the rollback rate from eight percent to six percent in taxing units other than "small taxing units" and trigger an automatic ratification election if the rollback rate is exceeded in those taxing units.
The rollback rate would remain at eight percent in small taxing units. An automatic rollback election would not be triggered if a small taxing unit sets a tax rate that exceeds the rollback rate, however taxpayers would be able to trigger an election by petition.
This bill would improve tax rate transparency by requiring proposed tax rate information to be more accessible to taxpayers and by affording more opportunities for taxpayers to speak into the process before the adoption of new tax rates.
This bill would define a "small taxing unit" as a taxing unit other than a school district, for which the maintenance and operations tax rate proposed for the current tax year is two cents or less per $100 of taxable value; or would impose taxes of $25 million or less when applied to the current total value for the taxing unit; or is a junior college district.