The ad valorem tax rate in Texas is 2.5 percent. This rate is applied to the total taxable value of all property in the state including real estate and personal property. The tax rate is set by the Texas Legislature and is subject to change each year. The ad valorem tax is the primary source of revenue for most local governments in Texas including counties cities and school districts.
The average ad valorem tax rate for Texas counties is 1.83 percent. For cities the average rate is 0.64 percent. School districts have an average tax rate of 1.13 percent. The rate varies widely from one locality to another depending on the property values and the tax base in each area.
The ad valorem tax is sometimes referred to as the “property tax.” However the term “property tax” is actually a broad term that includes several different types of taxes including the ad valorem tax taxes on business personal property and manufactured homes.
What is the ad valorem tax rate in Texas?
The ad valorem tax rate in Texas is 2.
5%.
How often is the ad valorem tax in Texas paid?
The ad valorem tax in Texas is paid annually.
What is the purpose of the ad valorem tax in Texas?
The ad valorem tax in Texas is used to fund public schools.
How is the ad valorem tax in Texas calculated?
The ad valorem tax in Texas is calculated as a percentage of the appraised value of the property.
Who pays the ad valorem tax in Texas?
The owner of the property pays the ad valorem tax in Texas.
When is the ad valorem tax in Texas due?
The ad valorem tax in Texas is due on January 1st of each year.
What happens if the ad valorem tax in Texas is not paid?
If the ad valorem tax in Texas is not paid the property may be sold at a tax sale.
How can the ad valorem tax in Texas be paid?
The ad valorem tax in Texas can be paid by check money order or credit card.
Where can the ad valorem tax in Texas be paid?
The ad valorem tax in Texas can be paid online by mail or in person.
What is the interest rate on the ad valorem tax in Texas?
The interest rate on the ad valorem tax in Texas is 1% per month.
What is the penalty for late payment of the ad valorem tax in Texas?
The penalty for late payment of the ad valorem tax in Texas is 6% of the unpaid tax.
Are there any exemptions from the ad valorem tax in Texas?
Yes there are exemptions from the ad valorem tax in Texas for certain types of property such as Homesteads agricultural land and certain Business Personal Property.
How do I apply for an exemption from the ad valorem tax in Texas?
Exemptions from the ad valorem tax in Texas can be applied for online by mail or in person.
How do I appeal the ad valorem tax in Texas?
The ad valorem tax in Texas can be appealed by filing a petition with the Appraisal Review Board.
What is the contact information for the ad valorem tax in Texas?
The contact information for the ad valorem tax in Texas is:
Texas Comptroller of Public Accounts
111 E.
17th St.
Austin TX 78701-1616
(512) 463-4600
