Property Tax Consultation Review Exam Questions: Appraisal of Business Personal Property Flashcards Preview

Texas Property Tax Code > Property Tax Consultation Review Exam Questions: Appraisal of Business Personal Property > Flashcards

Flashcards in Property Tax Consultation Review Exam Questions: Appraisal of Business Personal Property Deck (8)
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1

The alternate assessment date that a taxpayer may elect for reporting an inventory value is

September 1st

2

The section of the Texas Property Tax Code that describes valuation of inventory is

Section 23.12

3

Remaining economic life is the difference between

Economic life and effective age

4

Section 1.04 defines personal property as

Any property that is NOT real property

5

A 30 day extension of time to file a business personal property rendition must be requested by

April 15th

6

All property is taxable unless

It is exempted by Federal Law or State Constitution

7

A late rendition penalty may be appealed to the

ARB

8

Inventory may be exempted fro property taxation if it qualifies for

Freeport Exemption