Fillable Form 50-255 - City Report Of Property Value

P r o p e r t y T a x

C i t y R e p o r t o f P r o p e r t y V a l u e • 2 0 1 3 S h o r t F o r m

Form 50-255

Instructions

1. Report the Effective Tax Rate, as defined by Tax

Last year’s actual levy lost to deferred collection

Code, Sec. 26.04 (c) (1).

of taxes on residence homesteads of elderly or

disabled persons and/or appreciating residence

2. Report the Rollback Tax Rate, as defined by Tax

homesteads. An individual is entitled to defer or

Code, Sec. 26.04 (c) (2).

abate a suit to collect a delinquent tax if he or she is

65 or older and he or she owns and occupies as a

3. City tax rate. Report the effective tax rate and rollback

residence homestead the property on which the tax

subject to the suit is delinquent (Tax Code, Sec. 33.06).

tax rate here. Report the city tax rate here. Separate the

maintenance and operations tax rate (M&O) from the

An individual may defer or abate a lawsuit to collect a

interest and sinking fund tax rate (I&S). The sum of the

delinquent property tax on the portion of the residence

two tax rates should equal total tax rate.

homestead’s appraised value that exceeds the market

value of any new improvements and 105 percent of the

4. Report the local optional percentage if granted by

homestead’s appraised value for the preceding year.

the city.

The homeowner must file the application for deferral

with the CAD before taxes actually become delinquent

5. Projected tax payments into 2013 tax increment

(Tax Code, Sec. 33.065). Please report the actual

financing fund(s). Please report the total projected

amount the taxpayer is deferring as shown on the tax

payments into each 2013 tax increment financing fund

statement.

in which your city participates. (Tax Code, Sec. 311.013)

8. Total taxable value lost due to the over-65/disabled

You should not report more than the amount of pay-

ments into the fund. Please enter the number of tax

ceiling. Please report the total taxable value lost to the

increment reinvestment zones you have designated.

tax ceiling on homesteads of the elderly/disabled, as

provided in Tax Code, Sec. 11.261. The amount is the

6. Tax abatement agreement(s). The owner of property

difference between what would have been paid and

to which an agreement was made under the Property

what was actually paid and converted to a value.

Redevelopment and Tax Abatement Act is entitled to a

9. Top Ten Taxpayers. Please attach a copy of the top

tax exemption by an incorporated city or town or other

taxing unit on all or part of the value of the property as

ten taxpayers in your district in descending order based

provided by the agreement.

on taxable value of all real and personal property.

Reported amounts should represent appraised market

and taxable value.

The person authorized to complete this form should sign it and include title, phone number

and date signed. Please return the form to the address shown on the first page.

If you need help completing this form, call Data Security and Analysis at 1-800-252-9121,

select “2” to access the menu, then select “2” again. We will be happy to assist you.

For more information, visit our website:

Page 2 • 50-255 • 05-13/24

Form 50-255 - City Report Of Property Value - 2013 Page 2

Related Articles

Related forms

Related Categories