New and updated property tax information has just been compiled by Walker County Appraisal District and is available now to assist taxpayers. This property tax information is current and covers a wide range of topics, such as taxpayer remedies, exemptions and appraisals, with information for select groups, such as disabled veterans and persons age 65 or older.
"Whether you are a homeowner, business owner, disabled veteran or taxpayer, it's important you know your rights concerning the property tax laws." said Raymond Kiser, Chief Appraiser of the Walker County Appraisal District. "You can contact us about any property tax issues with full confidence that we will provide you the most complete, accurate and up-to-date available information to assist you."
PROPERTY TAX EXEMPTIONS
New information includes a law that provides partial exemptions for disabled veterans and surviving spouses of a diabled veteran. Another partial exemption is for homesteads donated to disabled veterans by charitable organizations at no cost or not more than 50 percent of the good faith estimate of the homestead's market value to the disabled veterans and their surviving spouses. The law also provides a 100 percent homestead exemption for 100 percent disabled veterans and their surviving spouses and surviving spouses of U.S. armed service members killed in action.
Non-profit organizations that meet statutory requirements may seek property tax exemptions and must apply to their county appraisal district by a specific date.
RENDERING TAXABLE PROPERTY
If a business owns tangible personal property that is used to produce income, the business must file a rendition with its local county appraisal district by a specified date. Personal property includes inventory and equipment used by a business. Owners do not have to render exempt prAppraisal Notices - Normally, taxpayers receive a notice of appraised value from the appropriate local county appraisal district. The city, county, school districts and other local taxing units will use the appraisal district's value to set property taxes for the coming year.
A homestead is generally defined as the home and land used as the owner's principal residence on Jan. 1 of the tax year. A homestead exemption reduces the appraised value of the home and, as a result, lowers property taxes. Applications are submitted to the appropriate local county appraisal district.
Property owners who use land for timberland production, agricultural purposes or wildlife management can be granted property tax relief on their land. They may apply to their local county appraisal district for an agricultural appraisal which may result in a lower appraisal of the land based on production, versus market value.
RESIDENCE HOMESTEAD TAX DEFERRAL
Texas homeowners may postpone paying the currently delinquent property taxes due on the appreciating value of their homes by filing a tax deferral affidavit at their local county appraisal district. This tax relief allows homeowners to pay the property taxes on 105 percent of the preceding year's appraised value of their homestead, plus the taxes on any new improvements to the homestead. The remaining taxes are postponed, but not cancelled, with interest accruing at 8 percent per year.
SENIOR/ DISABLED VETERAN PROPERTY TAX DEFERRAL
Texans who are age 65 or older or disabled, as defined by law, or who qualify for a disabled veteran exemption may postpone paying current and delinquent property taxes on their homes by signing a tax deferral affidavit. Once the affidavit is on file, taxes are deferred, but not cancelled, as long as the owner continues to own and live in the home. Interest continues to accrue at 5 percent per year on the unpaid taxes. You may obtain a deferral affidavit at the appraisal district.
NOTICE OF AVAILABILITY FOR ELECTRONIC COMMUNICATION
In appraisal districts located in counties with a population of more than 200,000 or that have authorized electronic communications, and that have implemented a system that allows such communications, chief appraisers and ARBs may communicate electronically through email or other media with property owners or their designated representatives. Written agreements are required for notices and other documents to be delivered electronically instead of mailing.
PROTESTING PROPERTY APPRAISAL VALUES
Property owners who disagree with the appraisal district's appraisal of their property for local taxes or for any other action that adversely affects them may protest their property value to the appraisal district's ARB.
For more information about these programs, contact Walker County Appraisal District at (936) 295-0402 via email lnfo@Walkercad.org or drop by the appraisal district at 1819 Sycamore Avenue in Huntsville. Information is also available on the Comptroller's Property Tax Assistance Division's website at comptroller.texas.gov/taxes/property-tax/.