For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 4
Rendition of Residential Real Property Inventory Form 50-143
Optional: Information About Your Estimate of This Inventory’s Value
If a value was rendered in the Residential Real Property Inventory Schedule, please complete this schedule to show how the inventory value was derived.
Cost
If the inventory value estimate is based on cost, please complete this schedule
or attach documentation for the estimate.
Land Cost:
Total Number of Lots/Acres in this Schedule:
____________________________________________
Lot
Acre
Purchased for
...................$ ___________________________ per Lot/Acre
Date Purchased
(attach schedule if properties were
purchased on more than one date)
_____________________________________
Site Improvement Costs .........$ ___________________________ per Lot/Acre
Other Development Costs
.......$ ___________________________ per Lot/Acre
Building Cost (total for all improvements listed):
Materials
........................ $ _____________________________________
Labor ...........................$ _____________________________________
Architectural Design .............$ _____________________________________
Filing and Permit Expense ........ $ _____________________________________
Title Expense ....................$ _____________________________________
Advertising/Promotion .......... $ _____________________________________
Security ......................... $ _____________________________________
Insurance ....................... $ _____________________________________
Financing Cost .................. $ _____________________________________
Tax ............................. $ _____________________________________
Other Building Costs (specify):
__________________________ $
_____________________________________
__________________________ $ _____________________________________
__________________________ $ _____________________________________
__________________________ $ _____________________________________
__________________________ $ _____________________________________
__________________________ $ _____________________________________
__________________________ $ _____________________________________
__________________________ $ _____________________________________
__________________________ $ _____________________________________
Total Inventory Cost ............$ _____________________________________
Income
If the inventory value estimate is based on income from selling the properties
over time, please complete this schedule and attach documentation.
Number of Properties in Inventory
.. _____________________________________
Projected Annual Gross
Income from Sales
............... $ _____________________________________
Projected Time to Sell Inventory (please attach a timetable if the same number of
units is not expected to be sold)
For Each Year,
________________ Months
Projected Selling Price Change + or
___________________________ % per Year
Projected Annual Expenses:
Interim Financing
................$ _____________________________________
Tax ............................. $ _____________________________________
Insurance ....................... $ _____________________________________
Marketing .......................$ _____________________________________
Payment of Points ...............$ _____________________________________
Other Expenses (specify):
__________________________ $
_____________________________________
__________________________ $ _____________________________________
__________________________ $ _____________________________________
__________________________ $ _____________________________________
__________________________ $ _____________________________________
__________________________ $ _____________________________________
__________________________ $ _____________________________________
__________________________ $ _____________________________________
__________________________ $ _____________________________________
Projected Profit as a Percentage
of Annual Gross Income
..........$ _____________________________________
Discount Rate Used to
Project Value
....................$ _____________________________________
Total Inventory Value ..........$ _____________________________________