Sunday, December 17th, 2017

Business property renditions due on Monday

The Donley Appraisal District is reminding local business owners are two important filing dates coming up in the next several days for rendering personal property and claiming an exemption for automobiles.

The deadline for filing Business Personal Property Renditions is April 15. However, since the 15th falls on the weekend, the renditions will be accepted on April 17.

If the business owner is unable to file the rendition by the deadline, a written request for an extension of the deadline until May 15, 2017, has to be filed with the appraisal district by the April 15 deadline.  Failure to file a rendition by the deadline will result in a 10 percent penalty on the current year’s taxes.

A rendition is a list of the taxable inventory, furniture and fixtures, machinery, equipment and other property owned or managed as of Jan. 1 of each year. The appraisal district may use the information to set property values.

Rendition allows property owners to record their opinion of their property’s value and ensures the appraisal district notifies them before changing its recorded value. Exempt property, such as church property and equipment used for farming, is not subject to rendition.

Texas Comptroller Glen Hegar also reminds owners whose property was damaged by storm, flood or fire last year that they may file a special decreased-value report that could lower their final tax bills for 2017. Property owners have until April 17 to file the decreased-value report, which indicates their property’s condition on Jan. 1, 2017.

Rendition forms and decreased-value report forms are available from county appraisal district offices statewide, and can be downloaded from the Comptroller’s property tax forms web page.

The appraisal district also reminds businesses that the deadline for filing for the Multi-Use Exemption for automobiles is May 1, 2017.  In order to qualify for the exemption, you have to own a business and use your vehicle for both business and personal use.  Vehicles that are driven to and from your job do not qualify.  You must reapply for the exemption even if you received the exemption for the past year.   The forms for this exemption are available at the Donley Appraisal District office located at 304 S. Kearney in Clarendon.

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