Reports Of Property Value Instructions - Texas Comptroller Of Public Accounts Page 27
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28Item 26. Capped value of residence homesteads. Tax
special procedures should be reported at the special
value. No loss should be reported for properties ap-
Code Section 23.23 provides that the chief appraiser shall
retain both the market value and the appraised capped
praised by special procedures. (Do not include any
value of homesteads subject to the 10 percent per year
value reported in Item 2 on Page 1.)
cap. If it has been three years since the last reappraisal, the
Total. (Bottom of column II) Report the sum of the
percentage would be 30 percent maximum increase since
total category values. This value should be the same as
the last reappraisal value. This item should equal Line 25
the value reported in Item 4, Page 1.
minus Line 15. Report only the value of capped residential
homesteads after application of the cap.
Uncertified Value. Report all uncertified market value
in the appropriate category before application of the
Example:
cap is applied. Do not include totally exempt property.
Last reappraisal—two years ago:
Item 29. Top ten taxpayers. Please list the top ten tax-
Previous Appraised Value
$ 100,000
payers in your district in descending order, based on to-
Current Year Market Value
$ 130,000
tal taxable value. Although the report requests appraised
Capped Value at 10 percent
and taxable values for each taxpayer, inclusion on the list
is based on the taxpayer’s total taxable value rather than
per year for two years
$ 120,000
total appraised value.
Value lost to 10 percent cap
$ 10,000
Please describe any factors that might affect the value of
For the current year the appraised value (capped value)
properties in your city. Please use the space provided or
can only be $120,000 because of the 10 percent cap. The
additional sheets, if necessary. Examples are land located
market value for this property would still be $130,000.
in the flood plain, loss of businesses from the tax roll, de-
Item 27. Total levy loss due to the over-65/disabled ceil-
pleting oil and gas resources, irregular size and shape of
ing. Please report the levy lost to the tax ceiling on home-
vacant lots and loss in value caused by flood and drought.
steads for the elderly/disabled, as provided in Tax Code
Please sign and date this report, and write your title and
Section 11.261. The amount is not the “frozen” taxes paid
office phone number in the appropriate spaces.
but the difference between what would have been paid and
what was actually paid.
Return the original and one copy of each document re-
quested by the due date to the address shown on Page 2.
Item 28. List the total value shown on the tax roll for
each category (Page 4):
2007 City Report of Property Value—Short Form
Column (I): Number of Items. List the number of
Please follow the instructions on the back of the form.
items requested in each category. For several catego-
ries, we request the number of properties or the num-
Cities with population of less than 2,500
ber of accounts. For other categories, we request the
Cities that have a population of less than 2,500 are not
number of vacant lots (C), parcels (E), companies (J)
required to fill out the City Report of Property Value—
and leases (G1).
Long Form. They should, however, send in some kind of
correspondence stating the taxable value for the city, the
Column (II): Total Value. This value should reflect
Maintenance and Operation rate (M&O), the Interest
the market value of the land, the improvement and the
and Sinking rate (I&S), the total tax rate, the actual levy
taxable personal property for the identified taxing unit
and the city’s local percentage homestead exemptions.
before the 10 percent cap is applied. Do not include
You may send the information to the address listed on
property that is receiving a total exemption. Some ex-
Page 2 or fax the information to the Reporting Section at
amples are foreign trade zones, low-income housing,
(512) 305-9801 or (512) 463-2427.
religious organizations, etc. Properties appraised by
24
Reports of Property Value Instructions
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