PROPERTY OWNERS HAVE CERTAIN RIGHTS
THAT MAY REDUCE THEIR PROPERTY TAX BURDEN
Persons who own and occupy their principle residence on January 1st may claim their home as a residential homestead. The filing of this document is only necessary if the homeowner has changed homesteads since last January 1st or has become eligible for additional exemptions since last year. A homestead exemption reduces the appraised value of the home and, as a result, lowers property taxes. Applications are submitted to the Coryell Central Appraisal District (Coryell CAD). Homeowners may also postpone (defer) paying the currently delinquent property taxes due on the appreciating value of their homes by filing a tax deferral affidavit with the Coryell CAD. This tax relief allows homeowners to pay the property taxes on 105 percent of the preceding year’s appraised value of their homestead, plus the taxes on any new improvements to the homestead. The remaining taxes are postponed, but not cancelled, with interest accruing at 8 percent per year.
Persons who are disabled under Social Security law are entitled to additional exemptions on their residential homestead. Disabled applicants must apply with the appraisal district and furnish a determination letter from Social Security. Disabled persons now receive the same tax benefits on their home that are available to over 65 persons (see below).
The law provides partial exemptions for any property owned by veterans who are disabled, surviving spouses and surviving children of deceased disabled veterans. Another partial exemption is for homesteads donated to disabled veterans by charitable organizations at no cost or not more than 50% of the good faith estimate of the homestead’s market value to the disabled veterans and their surviving spouse. The exemption amount is determined according to percentage of service-connected disability. The law also provides a 100% homestead exemption for 100% disabled veterans and their surviving spouses and for surviving spouses of U.S. armed service members killed in action.
PERSONS WHO ARE OVER 65 YEARS OF AGE
Persons who are over 65 years of age may file for additional exemptions for their residential homestead if they become 65 during this year. Persons over 65 should apply for this exemption at the Coryell CAD office. A ceiling on school, county, and certain city and special district homestead taxes will be established in the first year of qualification.
PROPERTY TAX DEFERRAL FOR PERSONS AGE 65 OR OLDER, DISABLED OR DISABLED VETERAN HOMEOWNERS
Over 65 persons, disabled persons or disabled veterans are also eligible to postpone (defer) paying the tax on their residential homestead by signing a tax deferral affidavit. Once the affidavit is on file, taxes are deferred, but not cancelled, as long as the owner continues to own and live in the home. The taxes continue to accrue during the deferral along with interest at a rate of 5% per annum, but no attempt will be made to force payment during the deferral period. Details and applications may be obtained from the Coryell CAD.
RESIDENCE HOMESTEAD TAX DEFERRAL
Texas homeowners may postpone paying the currently delinquent property taxes due on the appreciating value of their homes by filing a tax deferral affidavit at their local county appraisal district. This tax relief allows homeowners to pay the property taxes on 105 percent of the preceding year’s appraised value of their homestead, plus the taxes on any new improvements to the homestead. The remaining taxes are postponed, but not cancelled, with interest accruing at 8 percent per year.
SURVIVING SPOUSE OF FIRST RESPONDER
The eligible surviving spouse of a first responder killed in the line of duty is allowed a total (100%) tax exemption on his or her residence homestead if the surviving spouse has not remarried since the death of the first responder.
PROPERTY TAX EXEMPTIONS
Non-profit organizations that meet statutory requirements may seek property tax exemptions and must apply to the Coryell CAD by a specific date. Businesses that receive tax abatements granted by taxing units; ship inventory out of Texas that may be eligible for the “Freeport” exemption; store certain goods in transit in warehouses that are moved within 175 days; construct, install or acquire pollution control; own and operate energy storage systems; convert landfill-generated gas; or store offshore drilling equipment while not in use may also be eligible for statutory exemptions.
FARM AND RANCH OWNERS
Property owners who use land for agricultural purposes, wildlife management or timber land production can be granted property tax relief on their land. They may apply to the Coryell CAD for an agricultural appraisal which may result in a lower appraisal of the land based on how much the property owner produces, versus what the land would sell for in the open market. Applications are due April 30th.
BUSINESS PERSONAL PROPERTY OWNERS
If a business owns tangible personal property that is used to produce income, the business must file a rendition with the Coryell CAD by April 15th. Personal property includes inventory 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. State law requires the filing of a rendition declaring the type(s) of business personal property that a person or company owns. Failure to file the rendition will result in a 10% penalty. If a fraudulent rendition is filed, a 50% penalty is mandated. A rendition form can be obtained from the Coryell CAD office. The filing deadline is April 15th. A 30-day filing extension is available if a written request is received prior to the deadline.
PROPERTY TAXPAYER REMEDIES
This Comptroller publication explains in detail how to protest a property appraisal, what issues the county appraisal review board (ARB) can consider and what to expect during a protest hearing. The publication also discusses the options of taking a property owner’s case to district court, the State Office of Administrative Hearings or binding arbitration if the property owner is dissatisfied with the outcome of the ARB hearing.
Coryell CAD property owners will receive a notice of appraised value from the appraisal district. The city, county, school districts and other local taxing units will use the appraisal district’s value to set property taxes for the coming year.
PROTESTING PROPERTY APPRAISAL VALUE
Property owners who disagree with the appraisal district’s appraisal of their property for local taxes or for any other action that adversely affects them may protest their property value to the appraisal district’s ARB. Protests are due by May 15th or 30-days after the appraisal notice is mailed, whichever is later.
NOTICE OF AVAILABILITY OF ELECTRONIC COMMUNICATION
In appraisal districts located in counties with more than 200,000 populations or that have authorized electronic communications, and that have implemented a system that allows such communications, chief appraisers and ARBs may communicate electronically through email or other media with property owners or their designated representatives. Written agreements are required for notices and other documents to be delivered electronically in place of mailing.
All property tax forms including those for exemptions, special use valuation, renditions, etc. may be obtained from the Coryell CAD or from the State Comptroller’s Office at 1-800-252-9121. Applications are available as downloads from the appraisal district website https://coryellcad.org/commonly-used-forms/ or the comptroller’s website https://comptroller.texas.gov/taxes/property-tax/forms/. Homesteads, agricultural (1-d-1) and business personal property forms may be filed online at https://forms.coryellcad.org/.
This is a public service announcement by: Coryell Central Appraisal District