Property Tax Alert: Texas

July 2007

Texas property tax statutes are amended to establish a procedure for rendering personal property used for the production of income when the information contained in the most recently filed rendition statement is accurate for the current tax year. In such instances, a person may comply with the rendition requirements by filing a rendition statement on a form prescribed by the comptroller of public accounts on which the person has checked a box to affirm that the information continues to be complete and accurate. The provisions of the legislation are effective September 1, 2007, and January 1, 2008. The legislation applies only to the rendition of property for a tax year that begins on or after January 1, 2008.

Please contact Rash & Associates for more information.