Form 50-244 - Dealer'S Motor Vehicle Inventory Declaration - 2011
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1
2CONFIDENTIAL
P r o p e r t y T a x
Dealer’s Motor Vehicle Inventory Declaration
Form 50-244
__________________________________________
Year
____________________________________________________________________________________________________________________________________
__________________________________________
Send Original to: Appraisal District Name and Address
Phone (area code and number)
____________________________________________________________________________________________________________________________________
__________________________________________
Send Copy to: County Tax Office and Address
Phone (area code and number)
INSTRUCTIONS: If you own an inventory subject to the provisions of Sec. 23.121, Tax Code, you must file this dealer’s motor vehicle inventory declaration with the chief
appraiser and a copy with the county tax assessor-collector not later than February 1 of each year. If you were not in business on January 1, you must file this statement not
later than 30 days after starting business. Failure to file this form is a misdemeanor offence punishable by a fine not to exceed $500. Each day during which you fail to comply is
a separate offence. SEE BACK OF FORM FOR MORE INFORMATION ON FILING AND PENALTIES.
STEP 1: Provide Name and Mailing Address of Property Owner and Identity of Person Preparing Application
__________________________________________________________________________________________________________________________________________________________________________________________
Name of Property Owner
__________________________________________________________________________________________________________________________________________________________________________________________
Mailing Address
____________________________________________________________________________________________________________________________________
__________________________________________
City, State, ZIP Code
Phone (area code and number)
____________________________________________________________________________________________________________________________________
__________________________________________
Name of Person Preparing this Application
Title
STEP 2: Required Information about the Business
______________________________________________________________________________
____________________________________________________________________________________________________
Name of Each Business at One Location
Address of this Location
(attach additional pages if necessary)
(street, number, city, state and ZIP code) (attach additional pages if necessary)
______________________________________________________________________________
____________________________________________________________________________________________________
Name of Each Business at One Location
Address of this Location
(street, number, city, state and ZIP code) (attach additional pages if necessary)
(attach additional pages if necessary)
__________________________________________________________________________________________________________________________________________________________________________________________
Property Owner’s General Distinguishing Numbers(s) (GDN) Issued by the Texas Department of Transportation
(attach additional pages if necessary)
STEP 3: Information about the Business
__________________________________________________________________________________________________________________________________________________________________________________________
Appraisal District Account Number (if known) or attach tax bill or copy of appraisal or tax office correspondence concerning this account (attach additional pages if necessary)
__________________________________________________________________________________________________________________________________________________________________________________________
Starting Date of Business (if not in business on January 1 of this year)
STEP 4: Ownership Statement
__________________________________________________________________________________________________________________________________________________________________________________________
(Property Owner’s Name) is the owner of a dealer’s motor vehicle inventory.
STEP 5: Breakdown of Sales and Sales Amounts
Breakdown of sales (number of units sold) for the previous 12-month period corresponding to the prior tax year. If you were not in business for the entire 12-month period,
report the sales for the months you were in business.
___________________________________________________
______________________________________
________________________________________
_________________________________________
Net Motor Vehicle Inventory
Fleet Sales
Dealer Sales
Subsequent Sales
Breakdown of sales amounts for the previous 12-month period corresponding to the prior tax year. If you were not in business for the entire 12-month period, report the sales for the months you were in business.
$
$
$
$
___________________________________________________
______________________________________
________________________________________
_________________________________________
Net Motor Vehicle Inventory
Fleet Sales
Dealer Sales
Subsequent Sales
STEP 6: Market Value of your Motor Vehicle Inventory
State the market value of your motor vehicle inventory for the current tax year, as computed under Sec. 23.121, Tax Code (total annual sales from the dealer’s motor vehicle inventory for the previous
12-month period corresponding to the prior tax year divided by 12 equals market value). If you were not in business for the entire 12-month period, report the number of months you were in business and the
total number of sales for those months. The chief appraiser will determine your inventory’s market value.
Dealer’s Net Motor Vehicle Inventory Sales for Prior Year
Market Value for Current Tax Year
$
__________________________________________________
÷ 12 =
________________________________________
STEP 7: Read, Sign, and Date
If you make a false statement on this report, you could be found guilty of a Class A misdemeanor or a state jail felony under Texas Section 37.10, Penal Code.
_________________________________________________________________________________________________________________
________________________________________________________
Authorized Signature
Date
The Property Tax Assistance Division at the Texas Comptroller of Public Accounts provides property tax
For more information, visit our Web site:
information and resources for taxpayers, local taxing entities, appraisal districts and appraisal review boards.
50-244 • 09-11/10
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