The Exemption Edits & Audits Phase (Primary)
July 21 - December 15
Immediately following the certification of the current appraisal roll on July 25 staff will begin an internal audit of the exemption applications database.
There are two primary methods involved in triggering a review of an existing exemption where an annual filing of an exemption, such as Homestead and 65 and over, is not required. The first method is based on system queries/reports for accounts with ownership or mailing address changes, which could mean the person(s) filing the exemption now on the property would no longer be eligible for the existing exemption(s) on the subject property.
The second method is a periodic request for a new application, if our latest application is more than 10 years old.
In addition to audits of existing exemptions we query our database to generate a listing of residential improved accounts that are new for the upcoming appraisal roll or properties previously qualified for the exemption by the prior owner. This is done to provide information and an application to property owners that might qualify for an exemption that they have not yet submitted an application for.
The Exemption Edits & Audits Phase (Secondary)
While primary edits and audits are typically completed by mid-December, we will continue the process through March, monitoring account changes such as marriages, divorces, name changes, deaths, etc.
The Exemptions & Renditions Notice to File Phase
December 16 - January 31
During the last two weeks of December we will prepare and mail applications for filing of homestead and 65 and over exemptions.
In early to mid January we will generate a press release regarding homestead exemptions.
In early to mid January we will generate a press release regarding Rendering Business Personal Property.
During the last two weeks of January, we will prepare and mail Business Personal Property Rendition forms as a courtesy. However, if a business owner does not receive this form from our office, they are still required to file timely to avoid penalties which will be assessed for failure to file or filing late.
The Exemption and Rendition Processing Phase
January 1 - July 20
General homestead exemption applications must be filed after January 1st, since the applicant must confirm that the home was their primary residence on January 1st.
While some late filing provisions exist for exemptions, the general filing deadline is April 30.
It should be noted that exemption applications received after April 1, even if approved, will likely not appear on the Notice of Appraised Value mailed around May 1. Our data input deadline, to allow us time to process and print, is typically around April 15. Exemption applications approved in April or later won't clear our processing in time to make our print preparation deadline.
This does not mean the homestead, 65 and over or other exemption filed in April are a problem, and once processed/approved you will be able to see that the appropriate exemption code (HS, OA, etc.) is on your account at www.collincad.org.
Business Personal Property Renditions
Renditions are required by law and have a filing deadline of April 15. However, automatic 30-day filing extension is available, if requested in writing on or before April 15.
Data provided regarding personal property type, quantity, cost to acquire, age and owner's opinion of value (if provided) will be analyzed by a staff appraiser.
Business Personal Property Renditions are processed and analyzed prior to mailing their Notice of Appraised Value.