What is Revenue Neutral?

Revenue neutral is when a taxing jurisdiction budgets the exact same amount of property tax revenue, in dollars, for the upcoming budget year as they did for the current year. For example if a taxing entity uses $1 million of property tax revenue in 2022, being revenue neutral means they plan to only use $1 million in 2023 as well. 

If a taxing jurisdiction plans to use more property tax revenue in the next budget year compared to the current year, even $1 more, they would exceed revenue neutral and need to hold a public hearing.


Show All Answers

1. What is Revenue Neutral?
2. What is the Revenue Neutral Rate (RNR)?
3. Why would taxing entities/jurisdictions want to increase revenue?
4. Will my property taxes increase as much as my appraised value increased?
5. What is the Estimated Tax Notice Information?
6. Why are we letting you know about the taxpay notification form and RNR?
7. What exactly will be on the taxpayer notification form?