  |
Subscribe to the GPD Texas Property Tax announcement list
What Not to Render - Part 1The 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. In the first of two articles, GPD explains what property is not required to be rendered, as well as some potential problems that taxpayers could face because of these exceptions. RECENT CASELAWTrevino 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. 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. Upcoming deadlinesMarch 31 April 15 April 30 |
