Appraisal Capitalization Rate for Low Income Housing
Pursuant to Sec. 11.1825(r) of the Texas Property Tax Code, the Tax Appraisal District of Bell County gives public notice of the capitalization rate to be used for tax year 2010 to value properties receiving exemptions under this section. Rent restricted properties vary widely. These variations can have an affect on the valuation of the property. A basic capitalization rate of 9.85% will be used to value these properties; although adjustments may be made based on the individual property characteristics and the information provided to the chief appraiser as required under Sections 11.182 (d) and (g), Property Tax Code.
Limiting residential photos, sketches or floor plans on the Internet
S.B. 541 adds Section 25.027 to the Tax Code prohibiting the posting of appraisal records on the Internet if the information is a photograph, sketch or floor plan of an improvement to real property that is designed primarily for use as a human residence. The prohibition does not apply to an aerial photograph that depicts five or more separately owned buildings. The bill is effective September 1, 2005, and affects homeowners and appraisal districts.