What is a Confidential Business Personal Property Rendition?
This is a statement listing anything that is not real property used to generate income. All businesses are required by state law to file this rendition.
This is a statement listing anything that is not real property used to generate income. All businesses are required by state law to file this rendition.
Business personal property includes, but is not limited to, furniture, fixtures, equipment, (office and shop), tools, machinery, computers, copiers, motor vehicles, aircraft, inventory held for sale on consignment, raw materials, goods in process, finished goods and/or those awaiting sale or distribution. Please note: If you use your own personal tools, machinery, equipment, vehicles or any other item, gadget or thing to produce a product or provide a service and receive income, those items are included in the appraisal assessment.
After January 1 and not later than April 15 of each tax year, if the deadline falls on a Saturday or Sunday it is postponed until the next business day.
If more time is needed, a May 15 extension request must be received in writing by the April 15 rendition filing deadline. You can submit your request in several ways:
Each request for an extension must include the following:
If the extension has been granted, no approval letter will be mailed – but the statement “A Rendition Extension has been Granted on this property.” will appear near the top of the property’s details on our website’s Property Search.
If, however, the request was received after the rendition filing deadline, a denial letter will be mailed to the mailing address on file.
Sorry, currently this function is not available but is in the works.
Yes. It is taxable to the owner of the property as of January l of the tax year.
Yes. State law requires that all business owners file a business personal property rendition annually. If you fail to timely file a rendition or other property report required by Texas law, the chief appraiser must impose a penalty in an amount equal to ten percent (10%) of the total taxes due on the property for the current year.
As a courtesy, the appraisal district mails rendition forms to businesses currently listed on the appraisal district’s records. If a business owner does not receive a form, it is the business owner’s responsibility to contact the Collin Central Appraisal District @ (469) 742-9200. Rendition forms are also available here.
Renditions are mailed by February 1st of each year.
Yes. The age and original cost of the property is very important and may help in determining the value of the property. An appraiser may come by your property location to make an inspection and will make an estimate of your property’s worth.
If you fail to timely file a rendition or other property report required by Texas law, the chief appraiser must impose a penalty in an amount equal to ten percent (10%) of the total taxes due on the property for the current year. If a court determines that a taxpayer filed a false rendition or report with the intent to commit fraud or to evade the tax or has altered, destroyed, or concealed any record, document, or thing, or presents to the chief appraiser any altered or fraudulent record, document, or thing, or otherwise engages in fraudulent conduct for the purpose of affecting the outcome of an inspection, investigation, determination, or other proceeding before the appraisal district, the chief appraiser must impose an additional penalty equal to fifty percent (50%) of the total taxes due on the property for the current year.
If the appraisal district determines that there has been omitted property left off the roll, the property will be back assessed. Additional penalty and interest may be applied.
The tax liability on business personal property is determined according to its location and ownership as of January 1.
No. The taxes will be assessed for the entire year.
No. Personal property renditions are confidential and not available from open records for public inspection.
Section 22.019(f) of the Texas Property Tax Code states:
“Notwithstanding Subsections (a) and (b), a rendition statement of a person who owns tangible personal property used for the production of income that, in the owner’s opinion, has an aggregate value of less than $20,000 is required to contain only:
Yes. All business assets, regardless of location, are taxable.
Yes. All furniture, fixtures, equipment, (office and shop), tools, machinery, computers, copiers, motor vehicles, aircraft, inventory held for sale on consignment, raw materials, goods in process, finished goods and/or those awaiting sale or distribution that are used to produce income are taxable whether you make a profit or not.
Effective January 2007 the taxpayer may file an exemption on one vehicle that is owned by an individual and the vehicle is being used for personal and business use. This exemption deadline is April 30th. An application can be found here.
Yes. Attach these records to the rendition, sign and date it and then return it to our office. Include asset listings with the date of acquisition and original cost. All assets owned by the business must be rendered.
Yes. If your business personal property is still in use and used to generate income, your business personal property is taxable.
Yes. However, you must list all assets still in use to produce income along with it the year of acquisition and original cost.
If you disagree with the appraisal district value, you have the right to protest before the ARB.
Yes, Section 22.07 of the Texas Property Tax Code states:
(c) The chief appraiser may request, either in writing or by electronic means, that the property owner provide a statement containing supporting information indicating how the value rendered under Section 22.01 (a)(5) was determined. The statement must:
- summarize information sufficient to identify the property, including:
the physical and economic characteristics relevant to the opinion of value, if appropriate; and the source of the information used;- state the effective date of the opinion of value; and
- explain the basis of the value rendered. If the property owner is a business with 50 employees or less, the property owner may base the estimate of value on the depreciation schedules used for federal income tax purposes.
(d) The property owner shall deliver the statement to the chief appraiser, either in writing or by electronic means, not later than the 21st day after the date the chief appraiser’s request is received. The owner’s statement is solely for informational purposes and is not admissible in evidence in any subsequent protest, suit, appeal or any other proceeding under this title involving the property other than:
- a proceeding to determine whether the property owner has complied with this section;
- a proceeding under Section 22.29(b); or
- a protest under Section 41.41 of the Texas Property Tax Code.
(e) A statement provided under this section is confidential information and may not be disclosed, except as provided by Section 22.27 Texas Property Tax Code.
(f) Failure to comply with this section in a timely manner is considered to be a failure to timely render under Section 22.01 of the Texas Property Tax Code, and penalties as described in Section 22.28 of the Texas Property Tax Code shall be applied by the chief appraiser.
For property tax purposes, Texas law requires that a motor vehicle dealer’s inventory is appraised based on the total sales of motor vehicles in the prior year. Dealers must file with the county appraisal district a Dealer’s Motor Vehicle Inventory Declaration from listing the total value of the inventory sold in the prior year. The dealer must also file with the county tax office a monthly form Dealer’s Motor Vehicle Inventory Tax Statement listing the motor vehicles sold, and prepay their property taxes for each vehicle, a copy of this monthly form must also be sent to the county appraisal district.
The yearly Declaration is due February 1st and the monthly inventory statements are due each month by the 10th.
These forms can be found here, or you can call our office at 469-742-9200 and ask to speak with someone in the business personal property department about dealer’s motor vehicle tax.
