Texas § HS.775.074 - AD VALOREM TAX
Full text of Texas The Texas Constitution § HS.775.074 — AD VALOREM TAX, with citation guidance and answers to common questions.
§ HS.775.074. AD VALOREM TAX
AD VALOREM TAX. (a) The board shall annually impose an ad valorem tax on all real and personal property located in the district and subject to district taxation for the district's support and the purposes authorized by this chapter. (b) If a district issues bonds or notes that are payable wholly from ad valorem taxes, the board shall, when bonds or notes are authorized, set a tax rate that is sufficient to pay the principal of and interest on the bonds or notes as the interest and principal come due and to provide reserve funds if prescribed in the resolution authorizing, or the trust indenture securing, the bonds or notes. (c) If a district issues bonds or notes that are payable from ad valorem taxes and from revenues, income, or receipts of the district, the board shall, when the bonds or notes are authorized, set a tax rate that is sufficient to pay the principal of and interest on the bonds and notes and to create and maintain any reserve funds. (d) In establishing the rate of the ad valorem tax to be collected for a year, the board shall consider the money that will be available to pay the principal of and interest on any bonds or notes issued and to create any reserve funds to the extent and in the manner permitted by the resolution authorizing, or the trust indenture securing, the bonds or notes. (d-1) The board may not set the tax rate for a fiscal year before the date the board adopts a budget for that fiscal year. (e) The board shall certify the ad valorem tax rate to the county tax assessor-collector, who is the assessor-collector for the district. (f) Repealed by Acts 1999, 76th Leg. ch. 496, Sec. 14, eff. September 1, 1999. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1989, 71st Leg., 1st C.S., ch. 40, Sec. 2, eff. Sept. 1, 1989; Acts 1991, 72nd Leg., ch. 14, Sec. 275, eff. Sept. 1, 1991; Acts 1999, 76th Leg., ch. 496, Sec. 14, eff. Sept. 1, 1999. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 639 (S.B. 917 ), Sec. 11, eff. June 17, 2011.
Frequently Asked Questions About Texas § HS.775.074
What does The Texas Constitution § HS.775.074 cover?
Section HS.775.074 ("AD VALOREM TAX") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § HS.775.074?
A common citation format is "The Texas Constitution § HS.775.074" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § HS.775.074 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.