Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2014
 

Government Code Provisions

Provisions Relating to Property Tax Relief

DIVISION 4. FISCAL AFFAIRS

PART 1. FUNDS FOR SUBVENTIONS

Chapter 2. Homeowners' Property Tax Exemption*

Section 16122

16122. Computation of tax rates. For the purpose of fixing tax rates for ad valorem taxes every taxing agency and revenue district shall compute the rates by including in the base the exempt values for which the homeowners' property tax exemption is granted under subdivision (k) of Section 3 of Article XIII of the Constitution, together with the values of taxable property against which the taxes are levied.

History.—Stats. 1977, Ch. 309 in effect July 8, 1977, substituted "subdivision (k) of Section 3" for "Section 1d".

* Unless otherwise noted Chapter 2, originally composed of Sections 16120–16122, was enacted by Stats. 1971, p. 70, in effect May 11, 1971.