2018 Texas Property Tax Deadlines Change

Paul Bettencourt
Bettencourt Tax Advisors, LLC

Protesting your property taxes every year offers a great opportunity to save money. In Texas, property taxes represent approximately 40% of total business taxes. This is a large component of expenses that can be challenged and changed.

It is important to note that key property tax deadlines have moved up two weeks because of tax code changes passed during Texas’ 85th legislative session. Following are wo deadlines critical to track:

April 1st Rendition Filing Deadline
Renditions must be filed annually on any Business Personal Property (BPP) located in Texas. For members of the Port Bureau, BPP can include computers, furniture, fixtures, vessels, vehicles, machinery & equipment, and inventory.
10% penalties on your property taxes will be incurred if Business Personal Property tax renditions, or extension requests, are not filed by April 1.

May 15th Property Tax Protest Deadline
Protests for Business Personal Property and Real Property must be filed by May 15 (or, 30 days from the postmarked date on the “Notice of Appraised Value”) to be able to fight your property tax valuations in hearings at your local appraisal district.

Real Property for Port Bureau members can include real estate, pipelines, docks, and tank farms. When approaching property tax valuations in a heavy industrial market, it is important to know all the ins and outs of the Texas Property Tax Code. Applying the right exemption or using the right depreciation schedule can make a big difference in the size of your property tax reduction.

You must meet these deadlines to be able to fight for lower property tax valuations. Remember, every million dollars in aggregate appraised value reductions generally generates approximately $25,000 in property tax savings.

  • Date February 20, 2018
  • Tags February 2018