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Understanding the Property Tax Process
To view the Texas Property Tax Code in its entirety visit the Texas Window on State Government Web site.
NOTICE OF APPRAISED VALUE
|Tax Rates for 2020|
|Tax Rates for 2019|
|Tax Rates for 2017|
|Tax Rates for 2016|
|Tax Rates for 2015|
|Tax Rates for 2014|
|Tax Rates for 2013|
|Tax Rates for 2012|
|Tax Rates for 2011|
Low Income Housing - Capitalization Rate Information
Pursuant to Section 11.1825(r), Texas Property Tax Code, the McLennan County Appraisal District gives public notice of the capitalization rate utilized to value properties receiving exemptions under this section. Specifically, the chief appraiser must appraise the property using the income method, consider the restrictions on who may rent the property and the amount of rent to be charged. Rent restricted properties vary widely. These variations can have an effect on the valuation of the property. The McLennan County Appraisal District intends to apply the same capitalization rate to community housing development organizations (CHDOs) as used for all other rent restricted properties in McLennan County. An overall capitalization rate between 7.25% and 9.0% will be used to appraise these properties; although adjustments may be made on the individual characteristics of each property and the information provided to the chief appraiser as required under Section 11.182(d) and (g), Texas Property Tax Code.
PROPERTY TAX PRESENTATION
State Property Tax Code
COMPTROLLER'S TAX RATES AND LEVIES
APPRAISAL DISTRICT DOCUMENTS
Agricultural Related Policies and Other Agricultural Information
Taxes for the Year Agricultural Use Changes (Ag Rollback)
Tax Code Section 23.55 imposes rollback taxes – the difference between the property’s market value and its agricultural use value – for each of the five years preceding the year in which agricultural use of the property ends. In Bexar Appraisal District v. Sivage Investments, Ltd., the owner agreed that rollback taxes for the five years preceding the end of agricultural use were proper. The appeal arose, how ever, “from a dispute involving ad valorem taxes that were imposed for the year the use changed for property that previously qualified as open-space lands.” The court of appeals held in Sivage that Tax Code “section 23.55 does not authorize the district to reappraise the land at the higher market value for the year the change in use occurs.” Should you have questions about the Sivage case or the issue it addressed, please consult your attorney.
Appraisal Review Board Information
Below is information that will help you understand the appraisal protest process. Should you decide to formally protest your current tax year appraised value, this information will help you prepare for your Appraisal Review Board (ARB) hearing.
Residential Department Appraisal Manual
Personal Property Department Appraisal Manual
Commercial Department Manuals
- Data Collection Manual
- Classing Manual
For additional helpful information, you may also wish to visit the links below: