Relating to providing property tax relief through the public school finance system and property tax appraisal and administration.

HB 4407, the Property Tax Relief Act, reduces school district property tax rates by $0.15 for the 2025-2026 school year to provide immediate tax relief for homeowners. It modifies how school districts calculate their maximum tax rates, ensuring no district’s rate falls below 90% of another district’s rate. The bill also changes escrow account rules to make them optional for property owners when paying taxes. These provisions apply only through the 2026-2027 school year, with the bill expiring September 1, 2027.