Texas Finance Code - Section 89.003. Rendition Of Certain Personal Property For Ad Valorem Taxation
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§ 89.003. RENDITION OF CERTAIN PERSONAL PROPERTY FOR AD
VALOREM TAXATION. (a) Each association and each federal
association shall render for ad valorem taxation all of its
personal property, other than furniture, fixtures, equipment, and
automobiles, as a whole at the value remaining after deducting the
following from the total value of its entire assets:
(1) all debts that it owes;
(2) all tax-free securities that it owns;
(3) its loss reserves and surplus;
(4) its savings liability; and
(5) the appraised value of its furniture, fixtures,
and real property.
(b) The association or federal association shall render the
personal property, other than furniture, fixtures, equipment, and
automobiles, to the chief appraiser of the appraisal district in
the county in which its principal office is located.
(c) Furniture, fixtures, equipment, and automobiles of an
association or federal association shall be rendered and valued for
ad valorem taxation as provided by the Tax Code.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 67.202 67.301 67.302 67.303 67.304 89.001 89.002 89.003 89.004 89.005 89.006 89.007 89.008 89.051 89.052
Last modified: August 10, 2007
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