Announcement Detail

TTARA Releases Property Tax Relief Calculator

As a result of the school finance and tax reforms in 2006, Texans enjoyed $7 billion in savings on their 2007 property tax bills. The Legislature rolled back school tax rates for maintenance and operations significantly, financing the rate cuts in part with revenue from restructuring the state franchise tax and increases in tobacco taxes. To make it easier for Texas property owners to see how their school district property taxes were in fact reduced as a result of the tax package, TTARA has prepared a property tax savings calculator. All you need to know is the name of the school district in which you own property, and the taxable value of that property in 2007. The calculator compares the 2007 school district taxes actually paid to the taxes that would have been paid had the Legislature not acted. PLEASE CLICK THE MORE INFORMATION LINK BELOW, TO VIEW THE CALCULATOR.

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