The Property Tax Today Quarterly Newsletter was released. Below is a spotlight on issues that were discussed.
2024 School District Property Value Study Findings
On Dec. 18, 2024, PTAD released local data and values for the sampled properties in the SDPVS to chief appraisers, appraisal firms and school superintendents for review. The Comptroller’s office will certify the 2024 SDPVS preliminary findings to the commissioner of education before Feb. 1, 2025.
To request the data release, school superintendents or their authorized agents can submit the Data Release Request for School District Property Value Study Preliminary Findings – Invalid Findings Form to Property Tax Open Records. School districts, eligible property owners and their agents can file a petition protesting the preliminary findings after they are released at the end of January.
Operations Survey
PTAD will soon send electronic surveys to appraisal districts for collection of their operations data for the 2024 tax year. Appraisal districts must submit responses directly in the online survey by March 31, 2025. Paper copies are not accepted, but you can request a non-fillable PDF version of the survey by emailing PTAD’s Education and Communications team for use as a working copy only.
Survey data from previous years and a data visualization tool are available on PTAD’s Property Tax Data Reports and Surveys webpage.
Map Reviews
The MAP review cycle begins in January for appraisal districts scheduled to receive a MAP review in 2025. MAP reviewers will work with appraisal districts through August to develop preliminary recommendations. PTAD’s MAP webpage provides the 2024-25 MAP review questions and guidelines.
Biennial Property Tax Report 2022-2023
The Texas Comptroller of Public Accounts Property Tax Assistance Division released the Comptroller’s Biennial Property Tax Report for Tax Years 2022 and 2023. This report includes the total appraised values and taxable values of taxable property by category, together with the tax rate of each county, municipality and school district in effect for the preceding two-year period reported by appraisal districts to PTAD through Electronic Appraisal Roll Submissions.
2024 Tax Rates and Levies
PTAD published the 2024 Statewide List of Tax Rates on Dec. 30, 2024, as required by Tax Code Section 5.091. This list reports the information appraisal districts report to us on each taxing unit’s total tax rate imposed for that year within its jurisdiction.
Circuit Breaker Limitation
For the 2025 tax year, the circuit breaker limitation applies only to real property that is not a residence homestead and is:
- valued at $5,160,000 or less; and
- not real property that qualifies for special appraisal as:
- agricultural land;
- timberland;
- recreational, park and scenic land;
- public access airport property; or
- restricted-use timberland.
More information regarding the circuit breaker limitation is located on PTAD’s Valuing Property webpage.
Capitalization (Cap) Rate
PTAD will post the 2025 cap rates for appraising agricultural or open-space land and timberland by the end of January on its Cap Rate for Special Valuations webpage.
Find the full Property Tax newsletter here.
