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Appraisal of Business Personal Property
What is the Appraisal of Business Personal Property
Sections 11.01 and 11.14 of the Tax Code require that property taxes be levied on all tangible personal property that is used for the production of income in Texas. These items include such things as furniture, fixtures, inventories, equipment, motor vehicles, vessels, aircraft, stored chemical or petroleum products, and oil and gas reserves. Most tax officials refer to tangible personal property subject to property taxation as business personal property. Section 22 of the Tax Code requires every owner of business personal property used or located in Texas to report that property annually. The report is called a rendition. The rendition must be filed with the chief appraiser of the appraisal district in which the property is located. The rendition requirement also applies to property your business manages or controls as a fiduciary. The rendition requirement applies to all types of businesses, including sole proprietorships, partnerships, and corporations. The law requires the appraisal district to determine the market value of business personal property, even if the business owner fails to render it. Rendition helps ensure an accurate appraisal. Failure to render could cause additional assessments for property that may have been omitted from the appraisal roll. For this reason, it is extremely important that rendition be filed annually.


Every effort has been made to offer the most current and correct information possible on these pages. The information included on these pages has been compiled by County staff from a variety of sources, and is subject to change without notice. The Montgomery Central Appraisal District makes no warranties or representations whatsoever regarding the quality, content, completeness, accuracy or adequacy of such information and data. The Montgomery Central Appraisal District reserves the right to make changes at any time without notice. Original records may differ from the information on these pages. Verification of information on source documents is recommended. By using this application, you assume all risks arising out of or associated with access to these pages, including but not limited to risks of damage to your computer, peripherals, software and data from any virus, software, file or other cause associated with access to this application. The Montgomery Central Appraisal District shall not be liable for any damages whatsoever arising out of any cause relating to use of this application, including but not limited to mistakes, omissions, deletions, errors, or defects in any information contained in these pages, or any failure to receive or delay in receiving information.