Join the Travis Central Appraisal District for a series of webinars aimed at helping Travis County property owners navigate the property tax system.
Appraisal Information for New Homeowners │Wednesday, February 23, 2022 at 11:30 am
Join the Travis Central Appraisal District for an introduction to the property tax system for new homeowners. Topics to be discussed include how property taxes are calculated, market values, exemptions, protests, and common misconceptions about the appraisal district.
Property is taxed by the authority of the Texas Constitution. The Constitution sets forth five basic principles for property taxes in Texas.
Taxes must be equal and uniform. No single property or type of property should pay more than its fair share.
Property must be appraised on its current market value meaning the price that it would sell for on the open market when both the buyer and seller seek the best price and neither is under pressure to buy or sell.
Each property in a county must have a single appraised value. This is guaranteed by the use of the county appraisal districts.
All property is taxable unless federal or state law exempts it from the tax.
Property owners have a right to reasonable notice of increases in their appraised property value.
What does an appraisal district do?Communications2020-10-29T14:38:28-05:00
Each Texas county is served by an appraisal district that determines the value of all of the county’s real and personal property. Generally, a local government that collects property taxes, such as a county, city and school district, is a member of the appraisal district.
Taxing entities are the local government entities such as cities, hospital districts, junior colleges, and municipal utility districts. Taxing entities provide services to the taxpayers they service such as schools, roads, police, fire, and other services taxpayers expect.