What is the Texas Property Tax Code?

The Texas Property Tax Code (TPTC) contains statutes regulating the assessment, taxation, exemptions, appeal options, hearing procedures for Texas property tax appeals, judicial appeals for Texas property taxes, timely payment of Texas property taxes, and penalties for late payment of property taxes.

What is Chapter 11 of the Texas Property Tax Code?

11.11. PUBLIC PROPERTY. (a) Except as provided by Subsections (b) and (c) of this section, property owned by this state or a political subdivision of this state is exempt from taxation if the property is used for public purposes. (b) Land owned by the Permanent University Fund is taxable for county purposes.

What is Tax Code 11.13 c exemption?

For persons age 65 or older or disabled, Tax Code Section 11.13(c) requires school districts to offer an additional $10,000 residence homestead exemption and Tax Code Section 11.13(d) allows any taxing unit the option to decide locally to offer a separate residence homestead exemption.

Do disabled people pay property tax in Texas?

Age 65 or older and disabled exemptions: Individuals age 65 or older or disabled residence homestead owners qualify for a $10,000 homestead exemption for school district taxes, in addition to the $25,000 exemption for all homeowners. …

What are the property tax laws in Texas?

Texas has no state property tax. The state does not set tax rates, collect taxes or settle disputes between you and your local governments.

What is property tax Texas?

The average property tax rate in Texas is 1.80%. This is currently the seventh-highest rate in the United States. Breaking this out in dollars, if your home is valued at $200,000, your personal property taxes at the average rate of 1.80% would be $3,600 for the year.

How can I lower my property taxes in Texas?

Homeowners have two ways they can reduce the amount of taxes they have to pay. One is, they can contest the property’s appraised value put forth by the appraisal district’s appraiser. And the other, and most common, is to take advantage of the property tax exemptions available to Texas residents.

What is the Chapter 11 of the tax code?

TAX CODE CHAPTER 11. TAXABLE PROPERTY AND EXEMPTIONS TAX CODE TITLE 1. PROPERTY TAX CODE SUBTITLE C. TAXABLE PROPERTY AND EXEMPTIONS CHAPTER 11. TAXABLE PROPERTY AND EXEMPTIONS SUBCHAPTER A. TAXABLE PROPERTY Sec. 11.01. REAL AND TANGIBLE PERSONAL PROPERTY.

What is the tax code for real property?

PROPERTY TAX CODE SUBTITLE C. TAXABLE PROPERTY AND EXEMPTIONS CHAPTER 11. TAXABLE PROPERTY AND EXEMPTIONS SUBCHAPTER A. TAXABLE PROPERTY Sec. 11.01. REAL AND TANGIBLE PERSONAL PROPERTY. (a) All real and tangible personal property that this state has jurisdiction to tax is taxable unless exempt by law.

When does intangible property have to be taxed?

(b) Intangible property governed by Article 4.01, Insurance Code, or by Section 89.003, Finance Code, is taxable as provided by law, unless exempt by law, if this state has jurisdiction to tax those intangibles. (c) This state has jurisdiction to tax intangible personal property if the property is: (1) owned by a resident of this state; or

Is there a Chapter 11 exemption for real property?

CHAPTER 11. TAXABLE PROPERTY AND EXEMPTIONS SUBCHAPTER A. TAXABLE PROPERTY Sec. 11.01. REAL AND TANGIBLE PERSONAL PROPERTY. (a) All real and tangible personal property that this state has jurisdiction to tax is taxable unless exempt by law.