Fort Bend Central Appraisal District Reminds Businesses to Render their Taxable Property by April 15
Fort Bend – If you own a business and have tangible personal property that is used to produce income, you must file a rendition with the Fort bend Central Appraisal District (FBCAD) by April 15.
A rendition is a report that lists all the taxable property you owned or controlled on Jan. 1 of this year. Property includes inventory and equipment used by a business. Examples of personal property include, office equipment such as desks, computers and chairs as well as office supplies, business inventory, machinery and vehicles used to produce income. Owners do not have to render exempt property, such as church property or an agriculture producer’s equipment used for farming.
“The appraisal district may use the information submitted in the rendition to set property values,” Chief Appraiser Jordan Wise said.
You can also file a report of decreased value to notify the appraisal district of significant depreciation of your property. “For example, if your property was damaged by a storm, flood or fire last year, you should file a report of decreased value. The appraisal district will look at your property before assigning a value,” said Wise.
For most property types, renditions must be filed after Jan. 1 and no later than April 15. A 10 percent to 50 percent penalty may be imposed if a rendition is filed late, incomplete or not at all. Property owners who need more time to file their renditions may file a written request with the chief appraiser on or before April 15 to receive an automatic extension to May 15. The chief appraiser may also grant an additional 15 days after the postponed deadline for good cause shown.
The appraisal district has already mailed personal property rendition forms to businesses known to have been operating in Fort Bend County during 2019.
However, all business owners are required to file renditions whether or not they have received notification. Renditions forms may be found and filed electronically at https://www.fbcad.org/request-for-electronic-communication/.
For more information about rendering property, deadline extensions, penalties and rendition forms, taxpayers may contact the Fort Bend Central Appraisal District at 281.344.8623. Information is also available from the Comptroller’s Property Tax Assistance Division’s website at comptroller.texas.gov/taxes/property-tax/
The Fort Bend Central Appraisal District is a political subdivision of the State of Texas established in 1982 for the purpose of discovering and appraising property for ad valorem tax purposes for each taxing unit within the boundaries of the district. The district has approximately 376,000 accounts to appraise each year with a total market value of approximately $107 billion. The Fort Bend Central Appraisal District serves approximately 215 taxing units. For further information, visit www.fbcad.org.