Texas Special District Local Laws Code 9070.004 – Tax Liability of Excluded Territory
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(a) Territory excluded from the district under § 9070.002 is not released from the payment of its pro rata share of the district’s debt.
(b) The district shall continue to impose taxes each year on the excluded territory at the same rate imposed on other district property until the taxes collected from the excluded territory equal its pro rata share of the district’s debt at the time the territory was excluded. The taxes collected shall be applied exclusively to the payment of the excluded territory’s pro rata share of the debt.
Terms Used In Texas Special District Local Laws Code 9070.004
- Property: means real and personal property. See Texas Government Code 311.005
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) The owner of all or part of the excluded territory may pay in full, at any time, the owner’s share of the pro rata share of the district’s debt.
