My business has an aggregate value less than $20,000. Must I complete all of this complicated form?
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- Published on Thursday, 11 October 2012 14:32
Section 22.019(f) of the Texas Property Tax Code states:
"Notwithstanding Subsections (a) and (b), a rendition statement of a person who owns tangible personal property used for the production of income that, in the owner’s opinion, has an aggregate value of less than $20,000 is required to contain only:
- the name and address of the property owner;
- a general description of the property by type or category;
- the physical location or taxable situs of the property."