Course 101 Property Tax intro
Property tax - answer A tax that is measured by the value of property that a taxpayer
owns.
Base amount - answer The value of property a person owns.
Rate - answer Call the tax rate, is the percentage sad by taxing unit that is going to tax
the property.
The property tax system consists of - answer A. Officials who administer the system
B. Agencies in the Property Tax system
C. Laws & Regulations that govern what they do
Taxing unit - answer Local government that levies property taxes
Appraisal district - answer A special purpose local government that appraises property
for property tax purposes
Property Tax Assistance Division - answerMain duties are
Technical assistance to tax units
Appraisal Review Board (ARB)
Property Value Study (PVS)
Methods & Assistance Program (MAP)
Texas Department of Licensing & Regulation (TDLR)
Governing bodies - answerGroups of officials to oversee property tax agencies.
Taxing union governing bodies are - answerSchool district - Board or Trustees
County - Commissioner's court
City - City council
Others - Various names
Appraisal districts governing body is - answerBoard of Director's
Chief Appraiser - answerChief administrator of the appraisal district
Appraisal Review Board (ARB) - answerBody of citizens who hears property tax
disputes
Assessor - answerCalculates taxes & prepares tax bills
, Collector - answerCollects & accounts for property taxes
3 reasons for appraisal districts - answerA. Avoid additional school finance litigation
B. Correct inequity & poor performance by appraisers
C. Restrict political influence
Comptroller of Public Accounts : Tax assistance - answerProvides technical assistance
to taxing units and appraisal districts.
CAD is governed by - answerBoard of directors
Tax cycle - answerAppraisal phase 1/1 - 5/15
Equalization Phase (ARB) 5/15 - 7/25
Assessment Phase 7/25 - 10/1
Collection phase 10/1 -1/31
Prior years delinquent collection 2/1 until collected
Major date deadlines - answerJan 1 - Tax Year begins
Feb 1 - Prior year delinquency
April 1 - Notice To Homeowners
April 15 - Renditions due
April 30 - Exempt applications due
May 1 - Noticed delivered
May 15 -Records submitted to ARB
May 15 - Last day to file protest or 30 days after noticed is mailed
July 20 - ARB approves records
July 25 - Chief appraiser certifies appraisal roll
Oct 1 - Tax bills usually mailed
Appraisal phase - answerAppraisal district, January 1 - May 15
Equalization Phase - answerARB May 15 - July 25
Discover list & appraise
Update property records
Assessment Phase - answerTaxing unit & Assessor July 25- October 1
Appraisal Roll received
Tax rate adopted before September 30 within 60 days
special procedures for tax rate increases
Collections phase - answerCollector October 1 - throughout the year
Current collections October 1 through January 31
Collect current taxes
Property tax - answer A tax that is measured by the value of property that a taxpayer
owns.
Base amount - answer The value of property a person owns.
Rate - answer Call the tax rate, is the percentage sad by taxing unit that is going to tax
the property.
The property tax system consists of - answer A. Officials who administer the system
B. Agencies in the Property Tax system
C. Laws & Regulations that govern what they do
Taxing unit - answer Local government that levies property taxes
Appraisal district - answer A special purpose local government that appraises property
for property tax purposes
Property Tax Assistance Division - answerMain duties are
Technical assistance to tax units
Appraisal Review Board (ARB)
Property Value Study (PVS)
Methods & Assistance Program (MAP)
Texas Department of Licensing & Regulation (TDLR)
Governing bodies - answerGroups of officials to oversee property tax agencies.
Taxing union governing bodies are - answerSchool district - Board or Trustees
County - Commissioner's court
City - City council
Others - Various names
Appraisal districts governing body is - answerBoard of Director's
Chief Appraiser - answerChief administrator of the appraisal district
Appraisal Review Board (ARB) - answerBody of citizens who hears property tax
disputes
Assessor - answerCalculates taxes & prepares tax bills
, Collector - answerCollects & accounts for property taxes
3 reasons for appraisal districts - answerA. Avoid additional school finance litigation
B. Correct inequity & poor performance by appraisers
C. Restrict political influence
Comptroller of Public Accounts : Tax assistance - answerProvides technical assistance
to taxing units and appraisal districts.
CAD is governed by - answerBoard of directors
Tax cycle - answerAppraisal phase 1/1 - 5/15
Equalization Phase (ARB) 5/15 - 7/25
Assessment Phase 7/25 - 10/1
Collection phase 10/1 -1/31
Prior years delinquent collection 2/1 until collected
Major date deadlines - answerJan 1 - Tax Year begins
Feb 1 - Prior year delinquency
April 1 - Notice To Homeowners
April 15 - Renditions due
April 30 - Exempt applications due
May 1 - Noticed delivered
May 15 -Records submitted to ARB
May 15 - Last day to file protest or 30 days after noticed is mailed
July 20 - ARB approves records
July 25 - Chief appraiser certifies appraisal roll
Oct 1 - Tax bills usually mailed
Appraisal phase - answerAppraisal district, January 1 - May 15
Equalization Phase - answerARB May 15 - July 25
Discover list & appraise
Update property records
Assessment Phase - answerTaxing unit & Assessor July 25- October 1
Appraisal Roll received
Tax rate adopted before September 30 within 60 days
special procedures for tax rate increases
Collections phase - answerCollector October 1 - throughout the year
Current collections October 1 through January 31
Collect current taxes
