Texas Special District Local Laws Code 3950.252 – Property Tax Authorized
(a) The district may impose an ad valorem tax on all taxable property in the district to:
(1) pay for an improvement project of the types authorized by § 52(b), Article III, and § 59, Article XVI, Texas Constitution; or
(2) secure the payment of bonds issued for a purpose described by Subdivision (1).
(b) The district may not impose an ad valorem tax to pay for an improvement project under this chapter unless:
(1) a written petition has been filed with the board requesting an election to approve the imposition of the tax signed by the owners of at least 60 percent of the assessed value of the property in the district as determined from the most recent certified county property tax rolls; and
(2) the imposition of the tax is approved by the voters of the district voting at the requested election.
Terms Used In Texas Special District Local Laws Code 3950.252
- Property: means real and personal property. See Texas Government Code 311.005
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
(c) The district may not impose an ad valorem tax on a residential property, including a multiunit residential property or a condominium.