Under Texas property tax law, all of the following are categories of property exempt from ad valorem taxation EXCEPT:
Correct Answer
B) Investment rental properties owned by individual investors
Investment rental properties owned by individual investors are NOT exempt from ad valorem taxation. These properties are fully taxable at their appraised value with no homestead or organizational exemptions available.
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More Texas Property Tax Questions
After a protest, the ARB reduces a property from $450,000 to $380,000. The $100,000 school exemption applies. School rate is $1.10/100. What is the school tax after the protest?
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A buyer in Texas is purchasing a property at a tax foreclosure sale. The property was seized for delinquent ad valorem taxes. Which statement is correct about the buyer's title?
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A Texas homeowner wants to apply for the homestead exemption. By what date must the application be filed with the county appraisal district?