Last Updated: April 6 at 2 p.m.

Texas Businesses Must File Property Tax Renditions by April 15

Texas Comptroller Glenn Hegar reminds business owners that for many property types, April 15 is the deadline to file property tax renditions with their county appraisal districts. Different deadlines apply for certain regulated property. Business owners affected by the COVID-19 pandemic may request, in writing to the chief appraiser, an extension of the deadline to May 15. Read more

Potential Impact on Property Taxes

Property tax reform legislation passed in 2019 lowers the amount most cities and counties may increase property tax rates year to year without voter approval from 8% to 3.5%. However, a Governor-declared disaster could allow that amount to stay at 8%. Texas REALTORS®️ continues to monitor this and other issues relevant to Texas real estate.

Federal Appraisal Standards

On March 23, the Federal Housing Finance Agency directed Fannie Mae and Freddie Mac to allow the use of appraisal alternatives to reduce the need for appraisers to conduct interior property inspections for eligible mortgages through May 17, 2020. This move is intended to reduce transaction delays due to appraisers unable or unwilling to enter properties to conduct interior inspections. See more updates on federal advocacy at nar.realtor/coronavirus.