HALE COUNTY APPRAISAL DISTRICT EXEMPTIONS

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1 HALE COUNTY APPRAISAL DISTRICT EXEMPTIONS

2 ADOPTED TAX RATES AND EXEMPTIONS ENTITY CODE 2012 TAX RATES HOMESTEAD OV65/OV65S DP/DPS CEILING YEAR DV1-DV4 DVHS/DVHSS PLAINVIEW ISD S $15,000 $10,000 $10,000 $5,000-$12,000 TOTAL EXEMPTION HALE CENTER ISD S $15,000 $10,000 $10,000 $5,000-$12,000 TOTAL EXEMPTION PETERSBURG ISD S $15,000 $10,000 $10,000 $5,000-$12,000 TOTAL EXEMPTION COTTON CENTER ISD S $15,000 $10,000 $10,000 $5,000-$12,000 TOTAL EXEMPTION ABERNATHY ISD S $15,000 $10,000 $10,000 $5,000-$12,000 TOTAL EXEMPTION CITY OF PLAINVIEW C $3,000(*) $5,000-$12,000 TOTAL EXEMPTION CITY OF HALE CENTER C $5,000-$12,000 TOTAL EXEMPTION CITY OF PETERSBURG C $5,000-$12,000 TOTAL EXEMPTION CITY OF ABERNATHY C $5,000-$12,000 TOTAL EXEMPTION HALE COUNTY G $5,000-$12,000 TOTAL EXEMPTION FARM TO MARKET F $3,000 $5,000-$12,000 TOTAL EXEMPTION WATER DISTRICT W $5,000-$12,000 TOTAL EXEMPTION WEED DISTRICT X01.03 PER ACRE $5,000-$12,000 TOTAL EXEMPTION (*) LOCAL OPTIONAL EXEMPTION

3 Hale County Appraisal District Policy On The Limitation on Appraised Value of Residence Homestead Property Tax Code, Section The appraised value of a residence homestead for a tax year may not exceed the lesser of: 1. the market value of the property for the most recent tax year that the market value was determined by the appraisal office; or 2. the sum of: (a.) ten percent (10%) of the appraised value of the property for the preceding tax year; (b.) the appraised value of the property for the preceding tax year; and (c.) the market value of all new improvements to the property. When appraising a residence homestead, the chief appraiser shall: 1. appraise the property at its market value; and 2. include in the appraisal records both the market value of the property and the amount computed under Subsection (a)(2). The limitation provided by Subsection (a) takes effect as to a residence homestead on January 1 of the tax year following the first tax year the owner qualifies the property for an exemption under Section The limitation expires on January 1 of the first tax year that neither the owner of the property when the limitation took effect nor the owner s spouse or surviving spouse qualifies for an exemption under Section For the purpose of calculating the limited increase of a residence homestead, new improvement means an improvement to a residence homestead that is made after the most recent appraisal of the property that increases the market value of the property and the value of which is not included in the appraised value of the property for the preceding tax year. The term does not include repairs to or ordinary maintenance of an existing structure or the grounds or another feature of the property. The term improvement is further defined in Section 1.04 of the Property Tax Code as: (a.) a building, structure, fixture, or fence erected on or affixed to land; or (b.) a transportable structure that is designed to be occupied for residential or business purposes, whether or not it is affixed to land, if the owner of the structure owns the land on which it is located, unless the structure is unoccupied and held for sale or normally is located at a particular place only temporarily. Section (f) further states that notwithstanding Subsections (a) and (e) and except as provided by Subsection (2), an improvement to property that would otherwise constitute a new improvement is not treated as a new improvement if the improvement is a replacement structure for a structure that was rendered uninhabitable or ususable by a casualty or by mold or water damage. Fur purposes of appraising the property in the tax year in which the structure would have constituted a new improvement: (1) the last year in which the property was appraised for taxation before the casualty or damage occurred is considered to be the last year in which the property was appraised for taxation for purposes of Subsection (a)(2)(a); and (2) the replacement structure is considered to be a new improvement only to the extent it is a significant improvement over the replaced structure as that structure existed before the casualty or damage occurred. In order for the limitation to be correctly assessed, the chief appraiser shall communicate with the computer software providers, test the computer programs, require the software providers to make revisions as

4 necessary to ensure compliance with the requirements of the Texas Property Tax Code, and test the data to ascertain the validity of the calculations. Additionally, the chief appraiser shall ensure that staff is adequately trained and has thorough knowledge of the limitation requirements, processes of data in-put, knows the definition of new improvements, and other essential training.

5 HALE COUNTY APPRAISAL DISTRICT ABATEMENT POLICY The Hale County Appraisal District maintains all abatements that have been granted by each taxing entity. When a taxing unit grants an abatement, a copy of the abatement is given to the CAD and any exempted amount is applied accordingly. The Hale County Appraisal District requires that all exemption applications for abatements within the county be submitted annually in accordance with Tax Code Section which states: The owner of property to which an agreement made under the Property Redevelopment and Tax Abatement Act applies is entitled to exemption from taxation by an incorporated city or town or other taxing unit of all or part of the value of the property as provided by the agreement. This policy applies to property that is located within a reinvestment zone as discussed in Tax Code Chapters 311 and 312.