Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.

HB 105 changes how local governments calculate property tax rates (taxes based on property value) and establishes a new approval process for tax rates exceeding the level previously approved by voters. Taxing units, such as cities, counties, or school districts, would need to follow this specific procedure to raise property taxes above the voter-approved limit. This bill directly affects property owners, as their tax bills could be influenced by these updated rules. The bill also includes minor adjustments to other related laws to maintain consistency with these changes.