Careful considerations must be applied before embarking on any effort to replace local property taxes with another tax.

**UPDATED**Due to the recently elected Appraisal District Board of Directors and the actions they are taking in direct response to the election it is important to know the powers and limitations of the BOD.

School boards are required to adopt a budget and tax rate to finance that budget each year. As part of that process, the school board is required to calculate a “voter-approval tax rate” (previously known as the “rollback” rate).

New version includes updates from the 88th Legislature.

Included in the property tax relief package passed by the 88th Legislature and approved by voters last November was the creation of the three newly elected appraisal district board of directors for counties with a population of 75,000 or greater.