Comptroller Approves Rendition Forms

The new mandatory rendition law requires that "all tangible personal property used for the production of income" must be rendered. Or does it?

There are actually some exceptions included in the new law. And, there are some potential rendition mistakes that property owners should avoid.

For more information, read the article.

RECENT CASELAW

Trevino v. Frio County

Let the buyer beware at delinquent tax sales. In this case, the purchaser at a tax sale lost his purchase price and the title to the property. Because of the failure of the delinquent tax judgment to include an existing lienholder and the failure of the tax sale buyer to note the recorded lien, the property was awarded to the lienholder. In a subsequent lawsuit to recover the price paid at the tax sale from the taxing authorities, the trial court awarded judgment against the buyer. Due to procedural difficulties, the appellate court affirmed, leaving the tax sale purchaser with nothing. Read the opinion.

Cordillera Ranch, Ltd. v. Kendall County Appraisal District

Individual landowners who join in a wildlife management cooperative must independently satisfy activity requirements relating to their own land to qualify for agricultural valuation. They cannot rely on the cooperative's actions or activities being conducted on the land included in the cooperative as a whole. Read the opinion.

Upcoming deadlines

March 31
Second of four installments due for senior or disabled homestead taxpayers

April 15
Deadline to file business personal property rendition forms

April 30
Deadline to file exemption and special valuation (such as agricultural) applications