A rendition is a statement, listing taxable property, and the name and address of the owner. The statement should also contain the owner’s estimate of the property’s value. The deadline for filing a rendition is on or before April 1st. Be sure to identify your property and attach any documentation that you may have such as closing statements, appraisals or sales of similar properties in your neighborhood.

FAQs Archive | Page 7 of 12 | Travis Central Appraisal District

Q: I went out of business during the year. Will my business personal property taxes be prorated?

No. If you were in business January 1 you owe taxes for the year.

Q: What is fair market value?

Fair market value means the price at which a property would transfer for cash or its equivalent under prevailing market conditions if: Exposed for sale in the open market with a reasonable time for the seller to find a purchaser. Both the seller and the purchaser know all of the uses and purposes to which the property is adapted and for which it is capable of being used and of the enforceable restrictions on its use. Both the seller and the purchaser seek to maximize their gains and neither is in a position to take advantage of the exigencies of the other.

Q: Has someone come out and looked at my property?

Yes, someone has reviewed your property, but it may not have been this year.

Q: What is an agricultural exemption?

An Agriculture Exemption is not an exemption, but rather a special valuation. If a portion or all of a property is deemed eligible to receive an Agricultural Valuation, that property will receive a production value along with its market value.

Q: Is my house ever depreciated?

Yes, but the increase in the fair market value may override the age depreciation.

Q: My home was not complete on January 1. How do you appraise it?

It will be added to the tax roll at the percentage of completion as of January 1st.