TX HB5226

Simplifies the no-new-revenue tax rate formula by removing the subtraction of "lost property levy" from last year's levy and "new property value" from current total value, making the calculation: Last Year's Levy divided by Current Total Value

Modifies the voter-approval tax rate formula for special taxing units by replacing "no-new-revenue maintenance and operations rate" with "no-new-revenue tax rate" and removing the addition of current debt rate

Changes the voter-approval tax rate formula for non-special taxing units to use the no-new-revenue tax rate multiplied by 1.035, plus the unused increment rate, while eliminating the current debt rate component

Updates related formulas for taxing units that impose or cease to impose additional sales and use taxes, applying the same simplifications regarding property values and maintenance and operations terminology

Takes effect September 1, 2025