Form 50-883 Notice of Meeting to Vote on Tax Rate - Proposed Rate Does Not Exceed No-New-Revenue or Voter-Approval Tax Rate - Texas

What Is Form 50-883?

This is a legal form that was released by the Texas Comptroller of Public Accounts - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 50-883?A: Form 50-883 is the Notice of Meeting to Vote on Tax Rate.

Q: What does the form address?A: The form addresses the proposed tax rate, specifically whether it exceeds the No-New-Revenue or Voter-Approval Tax Rate in Texas.

Q: What is the purpose of the form?A: The purpose of the form is to provide notice of a meeting where a vote on the tax rate will take place.

Q: What is the No-New-Revenue Tax Rate?A: The No-New-Revenue Tax Rate is the tax rate that would generate the same amount of revenue as the previous year, adjusted for changes in property values.

Q: What is the Voter-Approval Tax Rate?A: The Voter-Approval Tax Rate is the maximum tax rate that can be imposed without voter approval.

Q: What happens if the proposed tax rate exceeds these rates?A: If the proposed tax rate exceeds the No-New-Revenue or Voter-Approval Tax Rate, it may require voter approval before it can be imposed.