TEXAS PROPERTY TAX CONSULTANT
1.Cost of annual Renewal fee:
$75
2.functional obsolescence:
A flaw in construction, materials or design is known as
3.(Income Producing) Personal Property:
Property not permanently attached to real estate and other assets such
as inventories, furniture, and machinery
4.Capitalization Rate:
The capitalization rate is the rate of return on a real estate investment
property based on the income that the property is expected to
generate.
5.Net Operating Income - NOI:
Net operating income equals all revenue from the property minus all
reasonably necessary operating expenses. Aside from rent, a property
1/
12
, might also generate revenue from parking and service fees, like
vending and laundry machines.
6.What is covered in Chapter 41:
Local Review & Appeal through binding arbitra- tion
7.What is covered in Chapter 42:
Judicial Review
8.special use property:
property that is taxed on 100% of market value less any exemptions
except
9.Renditions must be filed by:
April 15
10.Date that determines taxable status of property:
January 1
11.Date Property Taxes become delinquent:
Feb 1
2/
12
1.Cost of annual Renewal fee:
$75
2.functional obsolescence:
A flaw in construction, materials or design is known as
3.(Income Producing) Personal Property:
Property not permanently attached to real estate and other assets such
as inventories, furniture, and machinery
4.Capitalization Rate:
The capitalization rate is the rate of return on a real estate investment
property based on the income that the property is expected to
generate.
5.Net Operating Income - NOI:
Net operating income equals all revenue from the property minus all
reasonably necessary operating expenses. Aside from rent, a property
1/
12
, might also generate revenue from parking and service fees, like
vending and laundry machines.
6.What is covered in Chapter 41:
Local Review & Appeal through binding arbitra- tion
7.What is covered in Chapter 42:
Judicial Review
8.special use property:
property that is taxed on 100% of market value less any exemptions
except
9.Renditions must be filed by:
April 15
10.Date that determines taxable status of property:
January 1
11.Date Property Taxes become delinquent:
Feb 1
2/
12
