On Aug. 2, Texas Comptroller Glenn Hegar announced the creation of the Broadband Development Office (BDO). Mandated by the 87th Texas Legislature’s House Bill 5, the BDO will award grants, low-interest loans, and other financial incentives to internet service providers who expand access to broadband service in underserved areas. “Easy, secure internet access is increasingly … [Read more...] about Comptroller Creates Broadband Development Office
Office of the Texas Comptroller
2020 County Property Tax Report
The taxpayer funds the majority of county government via the property tax, or ad valorem tax, which is the largest revenue source for Texas counties. Tax Code Section 5.091 requires the comptroller's office to prepare a list that includes the total tax rate imposed by each taxing unit in Texas, as reported to the comptroller by each appraisal district. The tax rates included … [Read more...] about 2020 County Property Tax Report
Local Property Tax Levies
Comptroller Releases 2018-19 Summary Report
In tax year 2019, Texas cities, counties, school districts, and special purpose districts levied more than $67 billion in property taxes – 5.51 percent more in 2019 than in 2018, according to the Biennial Property Tax Report. Unlike other taxing units, which can also collect sales taxes and fees, school districts’ only source of tax revenue is the property tax. In 2019, the … [Read more...] about Local Property Tax Levies
2018 County Property Tax Report
The taxpayer funds the majority of county government via the property tax, or ad valorem tax, which is the largest revenue source for Texas counties. The 84th Texas Legislature passed Senate Bill 1760, which states that the Texas Comptroller is required to publish on its website a statewide list of tax rates that includes the total tax rate reported by each taxing unit in … [Read more...] about 2018 County Property Tax Report
Comptroller Reports: First Installment Addresses Property Tax
Texas Comptroller Susan Combs recently released the final report in the “Texas, It’s Your Money” series titled Your Money and Pension Obligations. Combs also announced recommendations aimed at improving government transparency for legislative leadership to consider in the upcoming session. This latest report provides a detailed look at state and local pension programs, while … [Read more...] about Comptroller Reports: First Installment Addresses Property Tax