According to House Bill 3546, 'not later than February 1st, the appraisal district shall give public notice in the manner determined by the district, including posting on the district's website if applicable, of the capitalization rate to be used in that year to appraise property receiving and exemption under this section'. Pursuant to Sec. 11.1825(r) of the Texas Property Tax Code, the Trinity County Appraisal District gives public notice of the capitalization rate to be used for tax year 2020 to value properties receiving exemptions under this section. Rent restricted properties vary widely. These variations can have an affect on the valuation of the property. A basic capitalization rate between 8.0% and 11.5% will be used to value these properties; although adjustments may be made based on the individual property characteristics and the information provided to the chief appraiser as required under Sections 11.182 (d) and (g), Property Tax Code.
The property value study (PVS) is conducted by the State Comptroller’s Office in which they estimate the taxable property value in each school district to measure the performance of appraisal districts. If the appraisal district is within a 5 percent margin, the State Comptroller will certify the local value to the Commissioner of Education.