Important Property Tax Deadlines – Texas
(Tax Year 2023)
- April 17– Because the April 15 deadline for filing Property Tax Renditions falls on a Saturday, business owners can file their business personal property renditions the following Monday, April 17.
- FACT: If you own tangible personal property that you use to produce income, you must file property tax renditions with local county appraisal district in which your property has situs, by April 17, 2023
- A rendition is a report on which you report all the taxable property you owned or controlled on January 1 of the current tax year. The reportable property includes inventory (not all states) and equipment used by a business. Owners do not have to render exempt property, such as church property or an agriculture producer’s equipment used for farming. Know that the appraisal district may use the information submitted in the rendition to set your property values.
- NOTE: That you can also file, on the same report, additional obsolescence to notify the appraisal district that your property should be assessed at a lower value than the normal depreciated value. For example, if your property was impacted in a way that caused your operations to be less productive and profitable then you should file a report of decreased value as noted above.
- Understand: A 10% penalty will be imposed if a rendition is not filed, filed timely, or if the appraisal district considers the rendition to be incomplete. Property owners who need more time to file their renditions may file a written request with the chief appraiser on or before the rendition deadline to receive an automatic extension, that will extend the deadline to May 15th, or the next business day should May 15th fall on a weekend or nationally recognized Holiday. In addition, the chief appraiser may extend the deadline another 15 days for good cause shown in writing by the property owner for each type of property.
- NOTE: In writing, a property owner may apply for a mandatory extension to May 15. Also, be aware that different deadlines apply for specific certain regulated properties
- How ITC Can Help: At Industrial Tax Consulting – we deliver customized property tax solutions nationwide, working with clients to navigate the maze of doing comprehensive property valuations, compliance processing, and appeals representation. We also advise you of deadlines for regulated properties and can help you file extensions when needed.
- April 30 – Deadline for applying for property tax exemptions with the appraisal district.
- This includes TCEQ Pollution Control Exemptions, Abatement compliance, and Inventory Freeport Exemptions.
- May 15– Deadline to Protest Your Property’s Appraised Value (or 30 days after the date on your appraisal notice, whichever is later)
- Sometime in April and/or May you should receive your value of notice for real property and at this time it is imperative to determine if the value should be appealed or not. The notice of value on Business Personal Property is typically sent out June through July timeframe of which you will have 30 days to appeal the value. To appeal your value you can either send the county a letter indicating your intent to appeal and specifying the property that you wish to protest, or complete the Notice of Protest Form 50-132.
- This is where Industrial Tax Consulting can help by being your advocate for your property tax needs. We help meet all deadlines timely and appeal all value types on your behalf. If you own Commercial Real estate, General Business Personal Property and/or a large-scale Industrial facility we can help and stand ready to partner with you on this journey that is property tax.
- For more information on filing property tax renditions and protesting your property appraisal value (NOAV), contact one of our specialists at ITC by email at firstname.lastname@example.org or call us at 866-TAX-1139
ITC: Employee Spotlight
Trudie is a Property Tax Analyst with Industrial Tax Consulting’s Houston office.
After Pre-Med education at San Jacinto College, Trudie attended University of Houston graduating with a BBA degree in Finance where her main focus was Commercial Real Estate. To acquire a Certification in Commercial Real Estate, she completed related courses such as Real Estate Analyses and Valuation, Real Estate Law Principles, Real Estate Development, and Multifamily Investment courses.
She joined a Shadow Program and Summer Educational Program sponsored by large Commercial Real Estate companies and CREWNetwork Houston to be exposed to research and market analysis in conjunction with CFOs and asset management teams.
But behind this amazing Property Tax Analyst lies a woman with drive, ambition, and some interesting skill sets. But don’t take our word for it, just ask her!
Trudie How long have you been with the company?
I have been with ITC for about 8 months.
What does your job entail?
With ITC full support, I am working as a licensed Texas Property Tax Consultant (TDLR). I am representing multiple Commercial/Industrial Clients in compliance processes both in real and business personal property valuation. My main goal is to strategically identify tax reduction opportunities and perform a tax plan to minimize my clients’ tax liability.
Who or what inspired you to pursue the career you have today?
I do love this question… I never thought of how much I would like this job until I met ITC CEO, Mark Dzeda during the job interview with him. I still remembered he said, “You know… In this business, it is all about trust.” And I would like to thank Mark for believing in me. Not only is he a great leader, but he also leads by example. Mark inspires me every day through his action, dedication towards his clients, and incentive towards everyone at ITC. Thanks to him, I know I have made the right decision on joining ITC.
What’s the best advice you can give to someone who just started their career?
Knowing who you are and what exactly you want. Choosing a career is not solving a math problem. If it feels right for you, it definitely is. Listen to your heart!
What’s your secret talent no one knows about?
If you show me a picture of a hairstyle, I can replicate it.
In terms of successes, which accomplishments are you most proud of?
Just like other immigrants, I would say being able to survive and make a great life on my own in a new country is my biggest accomplishment, and the best thing of all is that I never give up on myself.
Tell me something about you that most people don’t know.
I successfully know how to make French macarons after 50 failed attempts.
WE DON'T JUST TAKE A BITE OUT OF YOUR PROPERTY TAX BILL...
The pets, wildlife and farm animals of the Houston SPCA William and Evelyn Griffin Campus were happy when our ITC – Industrial Tax Consulting’s Houston office teamed up for a day of giving.
Mark Dzeda, ITC’s President, shared, “With the property tax season in full swing, sometimes it’s important to take a step back from work, gain perspective, and lend a helping hand to the community we love. Without ours and other companies’ support, the SPCA could not fulfill its mission and help the pets, wildlife and farm animals who need us.”