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Texas Property Tax Consultant With Questions And 100% CORRECT ANSWERS
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Texas Property Tax Consultant With Questions And 100% CORRECT ANSWERS
Terms in this set (201)
A protest against the inclusion of property on the he establishes that the property is subject to the appraisal by another district or that the property is
appraisal records for an appraisal district on the not taxable in this state.
ground that the property does not have taxable
situs in that district shall be determined in favor of
the protesting party if
Delivery of Notice: A notice permitted to be it is deposited in the mail.
delivered by first-class mail is presumed delivered
a) 5 days after it is deposited in the mail
b) 5 business days after it is deposited in the mail
c) when it is deposited in the mail
d) according to the time stamp on the mail
Texas Property Tax Consultant
Property any matter or thing capable of private ownership
, Real Property land, an improvement, a mine or quarry, a mineral in place, standing timber, or an estate or interest
Improvement a building, structure, fixture, or fence erected on or affixed to land
Personal Property Property that is not real property
Tangible Personal Property personal property that can be seen, weighed, measured, felt, or otherwise perceive by the senses
claim, interest, right. Includes stock, bond, note or account receivable, franchise, license or permit,
Intangible Personal Property
contract, and goodwill
The price at which a property would transfer for cash or its equivalent under prevailing market
conditions if:
-exposed for sale in the open market with a reasonable time for the seller to find a purchaser
Market Value -both the seller and purchaser know of all the uses and purposes to which the property is adapted
and for which it is capable of being used and of the enforceable restrictions on its use
-both seller and purchaser seek to maximize their gains and neither is in a position to take advantage
of the exigencies of the other
Appraised Value value determined as provided by Chapter 23 of the Texas Property Tax Code
Assessed Value amount determined by multiplying the appraised value by the applicable assessment ratio
the amount determined by deducting from assessed value the amount of any applicable partial
Taxable Value
exemption
Tax Year Calendar Year
Assessor Officer or employee responsible for assessing property taxes
Collector Officer or employee responsible for collecting property taxes for a taxing unit
equipment, furniture, computers, and inventory.
Examples of tangible personal property, or business
personal property, include...
CASH IS NOT TANGIBLE PERSONAL PROPERTY
By ______(date) _ or as soon thereafter as May 15
practicable, the chief appraiser shall prepare
appraisal records listing all property that is taxable
in the district and stating the appraised value of
each.
Texas Property Tax Consultant
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