Chief Appraiser Terry Sullivan reminds businesses to render their property with the Stephens County Appraisal District by April 15.
To render is to list the taxable inventory, furniture and fixtures, machinery and equipment and other property a business owned or managed as of Jan. 1. The appraisal district may use the information to set property values.
Rendering allows property owners to record their opinion of their property's value and ensures that the appraisal district sends them a notice before changing a value on their property.
Owners do not have to render exempt property, such as church property or a farmer's equipment used for farming.
If business property is not rendered timely, a 10 percent penalty of the total amount of the taxes is applied according to SB 340. If more than one appraisal district appraises a property, the property owner should render in each appraisal district office.
Property owners who need more time to file their renditions may file a written request with the chief appraiser on or before April 15 to receive an automatic extension to May 15 or the next business day if a weekend.
The chief appraiser may also grant an additional 15 days after the postponed deadline if necessary.
Rendition forms are available from Stephens County Appraisal District or the Texas Comptrollers office.
The rendition forms ask for the property owners name and address, general description of property by type or category and the property's location.
For property with an aggregate total of more than $20,000, the property owner also must provide a general estimate of the quantity of inventory and the owners good faith estimate of the property's market value. The owner may provide the historical cost when new and the year the property was acquired rather than the good faith estimate.
For more information about rendering property, deadline extensions, penalties and rendition forms, taxpayers may contact the Stephens County Appraisal District at 201 S. Rose Ave, Breckenridge, TX or call 254-559-8233.
More information is also available from the Comptrollers Property Tax Assistance Division at 800-252-9121, ext. 2, or by visiting the Comptrollers website at www.window.state.tx.us/taxinfo/proptax/.