If you own a business, you are required to report personal property that is used in your business to your appraisal district.
A rendition is a form that provides the appraisal district with taxable business property information. This form includes the business name and location, a description of assets, cost and acquisition dates, and opinion of value for business personal property. The appraisal district uses the information to estimate the market value of your business property for annual property tax purposes. Texas requires a business to pay property taxes to each taxing unit based on the market value of the inventory and assets it owns or uses in the production of income.
The deadline to file a rendition is April 17, 2023.