The bill amends the Education Code and Tax Code to enhance the notice requirements for property tax-related information that taxing units and appraisal districts must provide. Key changes include a mandate for school districts to mail notices of budget and proposed tax rate meetings to each property owner, with an alternative option to publish in local newspapers if no suitable publication is available. The bill also introduces new subsections requiring specific statements about enrollment changes, inflation rates, and adjusted tax collections to be included in these notices, thereby aiming to improve transparency regarding how tax rates are determined and their implications for property taxes.

Additionally, the bill establishes new definitions for terms such as "adjusted collection rate" and "adjusted tax collections," which are essential for calculating tax implications based on enrollment growth and inflation. It requires that notices include detailed comparisons of proposed budgets with previous years, total appraised and taxable values, and the outstanding bonded indebtedness of the school district. The comptroller is tasked with determining and publishing the annual inflation rate, and taxing units must include specific statements in their notices regarding proposed tax rates, estimated property tax revenue, and changes in population and inflation rates. These changes will take effect for ad valorem tax years beginning on or after January 1, 2026.

Statutes affected:
Introduced: Education Code 44.004, Education Code 44.0041, Tax Code 26.061, Tax Code 26.062, Tax Code 26.17, Water Code 49.236 (Tax Code 26, Water Code 49, Education Code 44)
House Committee Report: Education Code 44.004, Education Code 44.0041, Tax Code 26.061, Tax Code 26.062, Tax Code 26.17, Water Code 49.236 (Tax Code 26, Water Code 49, Education Code 44)
Engrossed: Education Code 44.004, Education Code 44.0041, Tax Code 26.061, Tax Code 26.062, Tax Code 26.17, Water Code 49.236 (Tax Code 26, Water Code 49, Education Code 44)