Texas Property Tax Consultant Exam
How does the chief appraiser appeal ARB decision? - answer He must get a written
document with all the appraisal district board of directors signatures approval
Who provides the learning material for ARB members? - answer Comptroller
Who pays the ARB members? - answer Appraisal District
What are the levels of trade? - answer1. Primary producer
2. Manufacturer
3. Wholesaler
4. Retailer
How would you argue investment value in ARB for a recently sold hotel? (investment
value typically > market value) - answer Buyer is willing to pay a premium because they
believe that the value will go up in future years, however market value is as of January 1
of the current tax year. So the value should not be based off that sale price because it
was an investment, but not reflective of the current market value, or based off the
previous year.
25.25D what fraction of the corrected value will result in a reduction? What about the
percentage of the original value? - answer1/3 of the corrected value
25% of the original value
Where is the Texas Property Tax Code located? - answerThe Texas Constitution,
Article 8
What is SOAH and what is the benefit? - answerSOAH - State Office of Administrative
Hearing Appeals
Property value must be over $1,000,000
Filing deposit fee is $1,500.
SOAH is like litigation but without the discovery.
What are the four phases and dates of property tax calendar? - answer1. January -
May: Appraisal Phase
2. May - June: Equalization Phase
3. July - September: Assessment Phase
4. October - January: Current Collection Phase
When is the valuation of property? - answerJanuary 1
Late Homestead Application deadline? Max amount of years late? - answerJanuary 31
,up to two years late
When do notices go out? - answerApril 1st
When is BPP Rendition deadline? - answerApril 15th
When are exemptions and special appraisals due? - answerApril 30th
When is the last day chief appraiser can send out notices? - answerMay 1st
When is the protest deadline? - answerMay 15th
When does the ARB need to approve the appraisal records? (at least attempt) -
answerJuly 20th
When is the Certification of Roll Value by Chief Appraiser to taxing units due? -
answerJuly 25th
When is the last day to apply for Sept 1 alternative assessment date for inventory
appraisal? - answerJuly 31
What two days can inventory appraisal have as an assessment date? - answerJanuary
1 or September 1 if you apply
What is the alternate appraisal date for inventory? - answerSeptember 1
When do taxing units have to set current year tax rates by? - answerSeptember 30
When are tax bills sent out? - answerOctober 1
When are tax bills due? - answerJanuary 31st following the tax year. (tax year 2022 is
due Jan 31 2023)
When do taxes become delinquent? - answerFebruary 1st
How much do you have to pay when your taxes are delinquent? - answer7%
When is the last day to file 25.25D? - answerJan 31st
What is PTAD? - answerProperty Tax Assistance Division
What does ARB stand for and what is their role? - answerAppraisal Review Board
A board of local citizens that hears disagreements between taxpayers and the appraisal
district about property taxability and value
, What is the breakdown of tax revenue for Texas? - answerProperty Tax: 45.2%
Sales & Gross Receipts Taxes: 44.3%
Other Taxes: 10.5%
What do taxes fund? - answerpublic schools, city streets, county roads, police
departments, fire protection, etc
What does Ad Valorem mean? - answerProperty tax, Latin translation is "according to
[the] value"
What are taxing units/jurisdiction? - answercounties, cities, school districts, special
districts
What does the tax assessor/collector do? - answercalculate and creates tax bills, issues
tax certificates and collects taxes
What do appraisal districts do? - answerset values, administers exemptions which are
used in creating tax rolls for taxing units
who create the tax rate? - answertaxing units
Who hires the chief appraiser? - answerthe appraisal district board of directors
Who are the appraisal district board of directors and who appoints them and what do
they do? - answerselected by taxing units
in counties with a population over 120,000, the county judge (also known as the chief
executive officer of the county) appoints members
they approve appraisal districts budgets
Who appoints ARB? - answerin populations less that 120,000 BOD selects them.
counties that exceed 120,000 the county administrative judge chooses them
What does the Texas Comptroller do? - answerARB education
Procedure and Valuation Studies Audits
Texas Property Tax Code
Arbitration
Property Tax Forms and Manuals
What does TDLR stand for and what do they do? - answerTexas Department of
Licensing and Regulations
Licensing
Education
Professional Exams
Enforcement
How does the chief appraiser appeal ARB decision? - answer He must get a written
document with all the appraisal district board of directors signatures approval
Who provides the learning material for ARB members? - answer Comptroller
Who pays the ARB members? - answer Appraisal District
What are the levels of trade? - answer1. Primary producer
2. Manufacturer
3. Wholesaler
4. Retailer
How would you argue investment value in ARB for a recently sold hotel? (investment
value typically > market value) - answer Buyer is willing to pay a premium because they
believe that the value will go up in future years, however market value is as of January 1
of the current tax year. So the value should not be based off that sale price because it
was an investment, but not reflective of the current market value, or based off the
previous year.
25.25D what fraction of the corrected value will result in a reduction? What about the
percentage of the original value? - answer1/3 of the corrected value
25% of the original value
Where is the Texas Property Tax Code located? - answerThe Texas Constitution,
Article 8
What is SOAH and what is the benefit? - answerSOAH - State Office of Administrative
Hearing Appeals
Property value must be over $1,000,000
Filing deposit fee is $1,500.
SOAH is like litigation but without the discovery.
What are the four phases and dates of property tax calendar? - answer1. January -
May: Appraisal Phase
2. May - June: Equalization Phase
3. July - September: Assessment Phase
4. October - January: Current Collection Phase
When is the valuation of property? - answerJanuary 1
Late Homestead Application deadline? Max amount of years late? - answerJanuary 31
,up to two years late
When do notices go out? - answerApril 1st
When is BPP Rendition deadline? - answerApril 15th
When are exemptions and special appraisals due? - answerApril 30th
When is the last day chief appraiser can send out notices? - answerMay 1st
When is the protest deadline? - answerMay 15th
When does the ARB need to approve the appraisal records? (at least attempt) -
answerJuly 20th
When is the Certification of Roll Value by Chief Appraiser to taxing units due? -
answerJuly 25th
When is the last day to apply for Sept 1 alternative assessment date for inventory
appraisal? - answerJuly 31
What two days can inventory appraisal have as an assessment date? - answerJanuary
1 or September 1 if you apply
What is the alternate appraisal date for inventory? - answerSeptember 1
When do taxing units have to set current year tax rates by? - answerSeptember 30
When are tax bills sent out? - answerOctober 1
When are tax bills due? - answerJanuary 31st following the tax year. (tax year 2022 is
due Jan 31 2023)
When do taxes become delinquent? - answerFebruary 1st
How much do you have to pay when your taxes are delinquent? - answer7%
When is the last day to file 25.25D? - answerJan 31st
What is PTAD? - answerProperty Tax Assistance Division
What does ARB stand for and what is their role? - answerAppraisal Review Board
A board of local citizens that hears disagreements between taxpayers and the appraisal
district about property taxability and value
, What is the breakdown of tax revenue for Texas? - answerProperty Tax: 45.2%
Sales & Gross Receipts Taxes: 44.3%
Other Taxes: 10.5%
What do taxes fund? - answerpublic schools, city streets, county roads, police
departments, fire protection, etc
What does Ad Valorem mean? - answerProperty tax, Latin translation is "according to
[the] value"
What are taxing units/jurisdiction? - answercounties, cities, school districts, special
districts
What does the tax assessor/collector do? - answercalculate and creates tax bills, issues
tax certificates and collects taxes
What do appraisal districts do? - answerset values, administers exemptions which are
used in creating tax rolls for taxing units
who create the tax rate? - answertaxing units
Who hires the chief appraiser? - answerthe appraisal district board of directors
Who are the appraisal district board of directors and who appoints them and what do
they do? - answerselected by taxing units
in counties with a population over 120,000, the county judge (also known as the chief
executive officer of the county) appoints members
they approve appraisal districts budgets
Who appoints ARB? - answerin populations less that 120,000 BOD selects them.
counties that exceed 120,000 the county administrative judge chooses them
What does the Texas Comptroller do? - answerARB education
Procedure and Valuation Studies Audits
Texas Property Tax Code
Arbitration
Property Tax Forms and Manuals
What does TDLR stand for and what do they do? - answerTexas Department of
Licensing and Regulations
Licensing
Education
Professional Exams
Enforcement
