Tax Information

The Texas Property Tax Code requires all property to be appraised at one hundred percent (100%) market value.  Also in the Code the Chief Appraiser is required to use the income approach method to appraise property qualified as low income housing under Section 11.1825.  Specifically the appraiser must consider the restrictions on who may rent the property and the amount of the rent to be charged.  As of January 31 of each year the Appraisal District must give public notice of the capitalization rate to be used on all qualified low income housing properties.  The 2017 capitalization rate for Val Verde County Appraisal District is between 8.5% and 10.0%.