Did You Know...
NEW HOMESTEAD EXEMPTION APPLICATION REQUIREMENTS
The Texas Legislature has made significant changes to the requirements for homestead exemptions. These changes affect all types of homestead exemptions, not just the general residential homestead exemptions. Any new applications as of September 1, 2011 must comply with all requirements, which are outlined here.
2012 Real Property Preliminary Values Now Online
An Appraisal District Boundary is the County Boundary
Effective January 1, 2008, HB1010 requires that an appraisal district's
boundaries are the same as the county's boundaries. This means that each
appraisal district will only appraise properties located in the county
in which they serve. The once called "Overlap" properties which required
more than one appraisal district to administer all appraisal-related
matters has now been eliminated. This law affects the 2008 appraisal
year.
As a result of this law, appraisal information regarding properties
which lie outside the Collin County boundary is no longer available
through Collin CAD. Please contact the appraisal district in the county
in which the property is located.
The ARB is an independent quasi-judicial entity consisting of local taxpayers appointed by the Appraisal District's Board of Directors. It is charged with the responsibility to hear and resolve disputes that property owners or taxing entities may have with the appraisal district. The ARB is a separate entity from the appraisal office and is not subject to its control.
2012 Low Income Housing Apartment Capitalization Rate: 7.25% - 9.25%
The Appraisal District is giving public notice of the capitalization rate
to be used each year to appraise property receiving an exemption under
Section 11.1825 of the Property Tax Code for Organizations Constructing or Rehabilitating
Low-Income Housing: Property Not Previously Exempt.
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