Terms Used In Texas Special District Local Laws Code Chapter 1003 > Subchapter F - Taxes

• Appraisal: A determination of property value.
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Population: means the population shown by the most recent federal decennial census. See Texas Government Code 311.005
• Property: means real and personal property. See Texas Government Code 311.005