Form 50-242 - Application For Charitable Organizations Improving Property For Low-Income Housing Property Tax Exemption - 2011

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P r o p e r t y T a x

Application for Charitable Organizations Improving Property

Form 50-242

for Low-Income Housing Property Tax Exemption

_____________________________________________________________

__________________________________

Appraisal District’s Name

Phone (area code and number)

___________________________________________________________________________________________________

Address, City, State, ZIP Code

GENERAL INSTRUCTIONS: This application is for use in claiming exemptions pursuant to Tax Code §11.181. You must furnish all information and

documentation required by the application.

WHERE TO FILE: File the completed application and all required documents with the appraisal district for the county in which the property is located.

EXEMPTION APPLICATIONS: Generally, the completed application, with all required documentation, must be filed between January 1 and no later than

April 30 of the year for an exemption is requested. However, pursuant to Tax Code §11.436(a), an organization that acquires property that qualifies for an

exemption under Tax Code §11.181(a) may apply for the exemption for the year of acquisition not later than the 30th day after the date the organization

acquires the property, and the deadline provided by Tax Code §11.43(d) does not apply to the application for that year. If an application filed pursuant to Tax

Code §11.436(a) is granted, the exemption for that year applies only to the portion of the year in which the property qualifies for the exemption, as provided

by Tax Code §26.111. A new application must be filed each year an exemption is claimed.

OTHER IMPORTANT INFORMATION

Pursuant to Tax Code §11.45, after considering this application and all relevant information, the chief appraiser may request additional information from

you. You must provide the additional information within 30 days of the request or the application is denied. For good cause shown, the chief appraiser may

extend the deadline for furnishing the additional information by written order for a single period not to exceed 15 days.

STEP 1: State the Year for Which an Exemption or a Preliminary Determination is Sought

_____________________________________________

_______________________________________________

State the year for which you are seeking an exemption

State the year for which you are seeking a preliminary determination

STEP 2: Provide Name and Mailing Address of Organization and Identity of Person Preparing Application

_____________________________________________

_______________________________________________

Name of Organization

Mailing Address

_____________________________________________

_______________________________________________

City, State, ZIP Code

Phone (area code and number)

Organization is a (check one):



partnership

corporation

other (specify):

__________________________________________________________________________

________________________________

______________________

_____________________________________

Name of Person Preparing this Application

Title

Driver’s License, Personal I.D., Certificate, or Social Security Number*

If this application is for an exemption from ad valorem taxation of property owned by a charitable

organization with a federal tax identification number, that number may be provided here in lieu of a

driver’s license number, personal identification certificate number, or social security number:

___________________________________________

* Unless the applicant is a charitable organization with a federal tax identification number, the applicant’s driver’s license number, personal identification certificate number, or social

security account number is required. Pursuant to Tax Code Section 11.48(a), a driver’s license number, personal identification certificate number, or social security account number

provided in an application for an exemption filed with a chief appraiser is confidential and not open to public inspection. The information may not be disclosed to anyone other

than an employee of the appraisal office who appraises property, except as authorized by Tax Code Section 11.48(b). If the applicant is a charitable organization with a federal tax

identification number, the applicant may provide the organization’s federal tax identification number in lieu of a driver’s license number, personal identification certificate number, or

social security account number.

The Property Tax Assistance Division at the Texas Comptroller of Public Accounts provides property tax

For more information, visit our website:

information and resources for taxpayers, local taxing entities, appraisal districts and appraisal review boards.

50-242 • 09-11/9