Poperty tax deadlines
Happy New Year from Erath County Appraisal District. We would like to bring your attention to several important tax calendar events for the New Year.
The rendition deadline has been changed again back to April 15th.
The appraisal district will mail a Confidential Business Personal Property Rendition to business owners this month.
Please complete the rendition, listing the January 1, 2020 business inventories, furniture, fixtures, machinery, equipment, and vehicles and return the form to our office by April 15.
A rendition received after the filing deadline is subject to additional fees for late filing.
If a business fails to file a rendition or if the rendition is turned in after the deadline, there will be a 10% penalty on the owner’s tax bill for the current year. If you have questions, please let us know.
You can contact the district at (254) 965-5434 and we will be happy to assist you.
For those that apply for Freeport or Goods in Transit exemptions, the April 30th deadline has not changed. For filing a late Freeport application, however, the deadline is now June 15th. As in previous years, there will still be a 10% penalty for filing a late Freeport application.
One special valuation method is the agricultural appraisal of rural land. Most people think that there is just one agricultural value when in fact there are several depending upon the use of the land.
For example, there is native pasture, improved pasture, dry crop and special dry crop and orchard. Each of these can then be enhanced with irrigation. The district is continually field checking the use of agricultural land but we rely heavily on what is reported in your application.
We check reported use for accuracy and reasonableness of what is on the ground. If you have changed the use of land from say dry crop to improved pasture or native pasture your price per acre would decrease.
So it would be in your best interest to let the appraisal district know when a field is not being used as it once was in order to be paying the least amount of tax possible.
If you purchased a new residence in 2019, you might qualify for the Residence Homestead exemption, or if you own your home where you live and you have not applied for the Homestead exemption. If your mailing address matches the location address of a new residence, you will receive a letter with important information regarding the tax savings and the application requirements for this exemption. Contact us if you want additional information.
January 31 is the legal deadline to pay your property taxes without penalty and interest unless the date falls on a holiday or weekend. That means your payment will be considered timely only if paid or postmarked by Tuesday, January 31, 2020. If payment is not received or postmarked by that date, a seven percent penalty and interest fee will attach and also become due. For possible payment options contact the Erath County Tax Office.
As you are concentrating on paying your 2019 tax amount, the 2020 appraisal of property is already well under way. Field appraisers are inspecting properties, updating property records, and requesting and analyzing recent sales data. The appraisal district will be looking closely at local market changes reflected in sales prices and rental rates in preparation for the January 1, 2020 valuation of your property.