IMPORTANT INFORMATION AND INSTRUCTIONS
This rendition must list the business personal property that you owned on
January 1 of the year. This includes assets being depreciated on your books, as
well as assets that have been fully depreciated and assets which were gifts or
expensed rather than capitalized for income tax purposes. It must provide the
property owner's name and address if you manage or control the property as a
fiduciary. You are required to list the name and address of each owner of taxable
property that is in your possession or under your management on Jan. 1 by
bailment, lease, consignment or other arrangement. Except as noted, you are
required by law to fill out all sections of the form. If you provide substantially
equivalent information to a company contracted with the appraisal district to
appraise property, you are not required to file this statement.
GENERAL INFORMATION: This form is for use in rendering, pursuant to Tax
Code Section 22.01, tangible personal property used for the production of
income that you own or manage and control as a fiduciary on Jan 1 of this year.
FILING AND DEADLINES: Rendition statements and property reports must be
delivered to the chief appraiser after Jan. 1 and not later than April 15, except as
provided by Tax Code Section 22.02. On written request by the property owner,
the chief appraiser shall extend a deadline for filing a rendition statement or
property report to May 15. The chief appraiser may further extend the deadline
an additional 15 days upon good cause shown in writing by the property owner. If
you choose to file your extension request online, go to www.hcad.org/iFile.
Pursuant to Tax Code Section 22.02, if an exemption applicable to a property on
Jan. 1 terminates during the tax year, the person who owns or acquires the
property on the date applicability of the exemption terminates shall render the
property for taxation within 30 days after the date of termination. If the chief
appraiser denies an application for an exemption for property subject to rendition
pursuant to Tax Code Section 22.01(a), the person who owns the property on the
date the application is denied shall render the property for taxation in the required
manner within 30 days after the date of denial.
NOTARIZATION: If you complete the rendition form as a secured party, property
owner, an employee of the property owner, or an employee of a property owner
on behalf of an affiliated entity of the property owner, no notarization is required.
INSPECTION OF PROPERTY: Pursuant to Tax Code Section 22.07, the chief
appraiser or his authorized representative may enter the premises a business,
trade, or profession and inspect the property to determine the existence and
market value of tangible personal property used in the production of income and
having a taxable situs in the district.
SEPTEMBER 1, INVENTORY APPRAISAL - Check this box on the rendition
form only if you made written application to the appraisal district for September 1
inventory appraisal by July 31, of the prior year.
REQUEST FOR STATEMENT REGARDING VALUE: Pursuant to Tax Code
Section 22.07, the chief appraiser may request, either in writing or by electronic
means, that the property owner provide a statement containing supporting
information indicating how value rendered was determined. The property owner
must deliver the statement to the chief appraiser, either in writing or by electronic
means, not later than the 21st day after the date the chief appraiser’s request is
received. The statement must:
(1) Summarize information sufficient to identify the property, including:
(A) the physical and economic characteristics relevant to the opinion of
value, if appropriate; and
(B) the source of the information used;
(2) state the effective date of the opinion of value; and
(3) explain the basis of the value rendered.
Failure to comply in a timely manner is considered to be a failure to timely render
and the Tax Code requires that penalties be applied by the chief appraiser.
PENALTIES: The chief appraiser must impose a penalty on a person who fails to
timely file a required rendition statement or property report in an amount equal to
10 percent of the total amount of taxes imposed on the property for that year by
taxing units participating in the appraisal district. The chief appraiser must
impose an additional penalty on the person equal to 50 percent of the total
amount of taxes imposed on the property for the tax year of the statement or
report by the taxing units participating in the appraisal district if it is finally
determined by a court that:
(1) the person filed a false statement or report with the intent to commit fraud or
to evade the tax; or
(2) the person alters, destroys, or conceals any record, document, or thing, or
presents to the chief appraiser any altered or fraudulent record, document, or
thing, or otherwise engages in fraudulent conduct, for the purpose of affecting
the course or outcome of an inspection, investigation, determination, or other
proceeding before the appraisal district.
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