Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2016
Government Code Provisions
Provisions Relating to Property Tax Relief
DIVISION 4. FISCAL AFFAIRS
PART 1. FUNDS FOR SUBVENTIONS
Chapter 2. Homeowners' Property Tax Exemption*
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.