Tax Updates

Property Tax Bills:

This link will take you to a document published by Susan Combs, Texas Comptroller of Public Accounts. regarding the 83rd Texas Legislature, Regular http://www.window.state.tx.us/taxinfo/proptax/laws/96-669_2013.pdf

 

This publication includes highlights of recent legislation relating to property tax. The highlights are general summaries and do not reflect the exact or complete text of the legislation highlighted. Not all legislation impacting property tax is addressed. Please be advised that this information is being provided solely as an informational resource. The information provided is not intended for use in lieu of, or as a substitute for, the legislation referenced herein and should not be relied upon as such. Additionally, the information provided neither constitutes nor serves as a substitute for legal advice. Questions regarding the meaning or interpretation of any information included or referenced herein should, as appropriate or necessary, be directed to an attorney or other appropriate counsel.

This session the Legislature enacted SB 1093, which amends numerous codes, including code sections contained in this publication, to codify laws without substantive change, appropriately renumber or reletter duplicate official citations, correct enacted codes to conform the codes to the source law from which they were derived, and revise codes or parts of codes enacted during the preceding legislative session. Law changes enacted by SB 1093 are not included in this publication.

The Texas Legislative Council periodically conducts revision of state law to codify statute. The Legislature enacted SB 1026 as part of an ongoing project of systematically codifying local laws concerning special districts. These law changes are not included in this publication.

 

The Texas Property Tax Code (Code) has been amended in several areas which might be noteworthy in considering your tax liabilities. For example, Chapter 23 of the (Code) has been amended in that appraisal districts must comply with the Uniform Standards of Professional Appraisal Practices (USPAP). Specifically, the Chief Appraiser must now consider the income, cost and sales comparable approach to value. This would apply to all tangible real and personal property. Furthermore, Section 41.43 has shifted the burden of proof, as it relates to tax value appeals, to the appraisal district. Failing to meet this burden could result in valuation appeals in favor of the protesting taxpayer.
The taxpayer should also be aware that certified assessments may be corrected after the June 1 appeal deadline. Sections 25.25 (c), (d) and (h) generally deal with late appeals as it relates to corrections of the appraisal roll (roll). Section 25.25 (c) deals with clerical errors, multiple appraisals, and property that does not exist in the form or location described on the roll. Said motion can be filed any time before the end of five years after January 1 of the tax year. Section 25.25 (d) must be filed prior to the delinquency date and it must be proven that the error on the roll exceeds by more than one third of the correct value. A successful appeal by a taxpayer will be assessed a 10% late correction penalty. Finally, a Section 25.25 (h) is a joint motion to correct the roll between the Chief Appraiser and the taxpayer, filed prior to the delinquency date. It should be noted that a successful filing of a (h) does not carry a 10% late correction penalty and should be filed in conjunction with a (c) to possibly avoid any late penalties. Using the three approaches to value i.e.: a personal property fee appraisal versus assessment derived strictly through the cost approach, could be very cost effective. Additionally, provisions to correct errors to the roll can also be very beneficial to taxpayers in conjunction with USPAP and correcting errors after the protest deadline.

PROPERTY TAX EXEMPTIONS

TYPES
OF EXEMPTION
REQUIREMENTS
FILING
DEADLINES
Residential Homestead
(General, Over 65, Disabled)
One-Time Application
required. *Late File-one year from the date taxes were
paid or become delinquent whichever is earlier
April
30*Late
Filing Disabled Veterans
and Survivor
One-time application
required
April
30
Solar and Wind- Powered
Energy
Annual application
required
April
30
Public Property No application required
N/A
Federal Exemption No application required
N/A
Household Goods, Personal
Effects, Family Supplies, Farm Products
No application required
N/A
Cemeteries One-time application
required
April
30
Charitable Organizations One-time application
required
April
30
Youth Spiritual, Mental
and Physical Development Assoc.
One-time application
required
April
30
Religious Organizations One-time application
required
April
30
Privately Owned Schools One-time application
required
April
30
Freeport Exemption Annual application
required
April
30
Miscellaneous Exemptions Section
11.23, Property Tax Code
Annual application
required
April 30
Intracoastal Waterway Dredge Disposal
Site
One-time application
required
April 30
Nonprofit Water Supply or Wastewater
Service Corporation
One time application
required
April 30
Historical Sites, Exemption under
Property Redevelopment and Tax Abatement Act
Annual application
required
April 30
Pollution Control Property Annual application
required
April 30