Texas Education Code - Section 42.106. Adjusted Property Value For Districts Not Offering All Grade Levels
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§ 42.106. ADJUSTED PROPERTY VALUE FOR DISTRICTS NOT
OFFERING ALL GRADE LEVELS. For purposes of this chapter, the
taxable value of property of a school district that contracts for
students residing in the district to be educated in another
district under Section 25.039(a) is adjusted by applying the
formula:
ADPV = DPV - (TN/.015)
where:
"ADPV" is the district's adjusted taxable value of property;
"DPV" is the taxable value of property in the district for the
preceding tax year determined under Subchapter M, Chapter 403,
Government Code; and
"TN" is the total amount of tuition required to be paid by the
district under Section 25.039 for the school year for which the
adjustment is made, not to exceed the amount specified by
commissioner rule under Section 25.039(b).
Added by Acts 1999, 76th Leg., ch. 396, § 1.12, eff. Sept. 1,
1999. Amended by Acts 2003, 78th Leg., ch. 1069, § 2, eff. Sept.
1, 2003.
Section: 42.007 42.101 42.102 42.103 42.104 42.105 42.106 42.151 42.152 42.153 42.154 42.155 42.156 42.157
Last modified: August 10, 2007
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