Texas Comptroller Susan Combs Reminds Businesses of Property Tax Renditions Deadline
Texas Comptroller Susan Combs is reminding business owners of an upcoming deadline.
Combs points out that April 15th is the deadline to file property tax renditions with their county appraisal districts.
To render is to list the taxable inventory, furniture and fixtures, machinery, and equipment, as well as other property a business owned or managed as of January 1st, 2013.
The appraisal district may use the information to set property values.
“Rendition helps the appraisal district appraise property fairly and accurately,” said Combs. “If some businesses are not paying their share of property tax, it places a greater tax burden on other business owners and homeowners.”
Rendering allows property owners to record their opinion of their property’s value and ensures that the appraisal district sends them a notice before changing a value on their property. Owners do not have to render exempt property, such as church property or a farmer’s equipment used for farming.
Those whose property was damaged by a storm, flood, or fire last year may also file a special decreased value report that could lower their final tax bills for this year. Property owners have until April 15th to file the decreased value report, indicating their property’s condition on January 1st, 2013.
Forms are available from the Comptroller’s Office website here.
For more information, you can call the Comptroller’s Property Tax Assistance Division at 1-800-252-9121 and press “2” to access the menu, then press “1” to contact the information services team.