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up 26%. That means that, statewide, taxes
are rising 2.5 times faster than median
family income. That is the problem that
we are here to address.”
The Select Committee will continue to host
interim hearings around Texas over the
course of the 2016 interim period to review
the tax burden on Texas taxpayers. TAB
staff will attend, monitor, and coordinate
*Source: Texas Senate Select Committee for Property Tax Reform and Relief, 1/27/2016
THE PROPERTY TAX CYCLE
JAN 1
st
Late Spring
to Summer
JULY–SEPT
OCT 1
st
–
JAN 1
st
FEB 1
st
JANUARY 1: CentralAppraisal District
sets initial appraised value
Property owners get notices of appraised
Value. Owners may protest theirValue to
theAppraisal Review Board
Any unpaid property taxes become delinquent
and penalties with interest are imposed.
Taxing Units hold public meetings
and adopt tax rates.
Tax Bills sent out by the
TaxAssessor Collector
testimony as needed for these hearings. The
TAB Government Relations Committee has
a designated Tax Task Force that reviews any
changes to the current tax system to ensure
there is no unfair burden on your business,
Texas homeowners, home buyers, and the
home building industry.
.
If you are interested in joining the discussion
on the impact taxes have on our industry
or in your local community, you may join
the TAB Tax Task Force and begin receiving
informational updates. For more information,
visit
http://www.texasbuilders.org/government-regulatory-affairs/get-involved/
grc-task-forces.html.
Sue Pinger serves as voluntary treasurer
for TAB’s Audit and Finance Committees.
Sue also held the CFO title while at
Tilson Home Corporation.