State
Texas
Year
2021
Does State Classify
No
Different Ratios
No
Different Rates
No
Local Option
No
Number of Classes
0
Record ID
TX001_CL21
Footnotes
Statute prohibits any assessment other than 100% of appraised value. The owner of tangible personal property used in the production of income is entitled to an exemption of property that has taxable value of less than $500 in each taxing jurisdiction.
Sources
Tex. Tax Code §11.145;
Tex. Tax Code §26.02
(in effect for 2021)
Tex. Tax Code §26.02
(in effect for 2021)