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School Finance Property Tax Policy Information

A school district's property tax rate is made up of a maintenance and operations (M&O) tax rate and, if applicable, an interest and sinking (I&S) tax rate. The M&O tax rate provides funds for maintenance and operations, and the I&S tax rate provides funds for payments on the debt that finances a district's facilities. The calculation of state funding for school districts is tied to tax effort; thus tax rates provide an essential component in the state’s school finance formulas.

Adjustment to the Regular Program Adjustment Factor (RPAF): "Smoothing" Provision in Senate Bill 1

• October 6, 2011, RPAF Funding Implications Letter  
• Adjustment to the RPAF Web Page  
• Request to Change RPAF Form (Word, 52 KB)
• Request to Change RPAF Form (PDF, 37 KB)
• School Districts Eligible for Adjustment to RPAF (PDF, 44 KB) 

Authority of a School District to Set Property Tax Rates Under Section 26.08, Tax Code (RQ-0839-GA)

• Texas Attorney General Greg Abbott Opinion No. GA-0775: Authority of a school district to set property tax rates under section 26.08, Tax Code (RQ-0839-GA)  
• Texas Attorney General Greg Abbott 'To All Bond Counsel' letter dated May 14, 2010 (PDF, 786 KB)
• Tax Rate Adoptions Opinion and Guidance: posted June 10, 2010 (Word, 33 KB)
• Tax Rate Adoptions Opinion and Guidance: posted June 10, 2010 (PDF, 23 KB) 

Texas Association of School Boards (TASB) Memos

• 2012 Adoption of Budget and Tax Rates – Early Tax Rate Adoption  
• 2012 Adoption of Budget and Tax Rates – Traditional Method
• 2011 Tax Ratification Election Information and Timelines   

Additional Tax Information

• Ad Valorem Taxation of Certain Stored Property
• Addtional State Aid for Ad Valorem Tax Credit
• Property Values and Tax Rates
• Rollback and Effective Tax Rate Information

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For more information, contact:

Office of School Finance
(512) 463-9238

sfinance@tea.state.tx.us   

Page last modified on 6/28/2012 01:26:44 PM.