2015 Low and Moderate Income Housing Capitalization Rate
The Texas Property Tax Code (Sec. 11.1825 (r)) requires the appraisal district to give notice of the capitalization rate to be used in that year to appraise property receiving an exemption under this section. The Property Tax Code also requires property to be appraised at 100% market value. In keeping with that requirement, the capitalization rate that will be used to derive an estimate of market value for exempt low and moderate-income housing for the tax year of 2014 will be between 7.5% and 10.5%, based upon individual property characteristics.
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