Questions and Answers on the Rendition Penalty

Though the time is rapidly approaching for business owners to file their 2005 personal property renditions, many owners are just now experiencing one of the fall-outs from the 2004 rendition season: rendition penalties.

In revising the rendition provisions of the Texas Property Tax Code in 2003, the Texas Legislature added penalties for failing to file a rendition or for filing a false rendition. With the appraisal districts having completed their value determinations and protests for 2004 renditions, several chief appraisers have now turned to the enforcement provisions of the rendition statute; i.e., the imposition of penalties against individual property owners.

Only recently, some property owners have started receiving notices and bills imposing penalties under the Tax Code for either failing to render or failing to timely render. With the receipt of these notices and bills, several questions have arisen relating to the penalties.

Read the article.

PROPERTY TAX TIP

Proposed legislation and summary available

Legislation proposing changes in the Property Tax Code (as well as other selected tax issues) is summarized on the GPD Property Tax website. GPD will attempt to keep readers informed of the status of those bills during the current legislative session.

Read the summary of proposed legislation.

Upcoming deadlines

March 31, 2005
Second of four installments due for senior or disabled homestead taxpayers

March 31, 2005
Deadline for qualifying CHoDO to file list of property acquired or sold in 2004

April 15, 2005
Deadline to file business personal property rendition or request filing extension