TTARA Releases Research Report on Authority of an Appraisal District Board of Directors TTARA has released a research report addressing the Authority of an Appraisal District Board of Directors in response to the actions taken on July 22 by the Tarrant Appraisal District (TAD) board of directors (BOD) at its first meeting which included directors…

In this issue TEA Releases Preliminary TY2024 “Maximum Compressed Rates” (MCR) Franchise/Margin Tax Report Extensions Taxable as Data Processing or Not? Texas Education Agency Releases Preliminary TY2024 “Maximum Compressed Rates” (MCR) The Texas Education Agency has released preliminary MCR (tier 1) tax rates for TY2024. The statewide MCR tax rate dropped to $0.6855 (from $0.6880),…

In this issue Authority of an Appraisal District Board of Directors Comptroller’s Office Proposed Rules Economic Development Highlights Authority of an Appraisal District Board of Directors On July 22, the Tarrant Appraisal District (TAD) board of directors (BOD) held its first meeting to include directors in the three elected positions created by a November 2023…

Voter-Approval Tax Rate Elections (VATRE) School boards across the state are working to adopt budgets for the upcoming school year and tax rates to finance them. Many school boards are adopting a tax rate that exceeds the district’s “voter-approval tax rate” to provide more revenue for expenses such as employee pay raises, increasing current staffing…