Section 3846.265 - Development Zone Property Tax(a) If approved at an election by a majority of the voters in the development zone voting in an election held for that purpose, the governing body may authorize a tax on all taxable property in a development zone created wholly or partly in the boundaries of East Montgomery County Utility District No. 5, 6, or 7, or Valley Ranch Municipal Utility District No. 1 at a rate not to exceed 10 cents on each $100 valuation as determined by the Montgomery County Appraisal District.(b) The election may be held in conjunction with the confirmation election held under Section 3846.257.Tex. Spec. Dist. Loc. Laws § 3846.265
Added by Acts 2009, 81st Leg., R.S., Ch. 87, Sec. 21.036, eff. 9/1/2009.