Texas Property Tax Code Section 5.09 directs the Comptroller to publish an annual report on the operations of appraisal districts. An appraisal district is a political subdivision of the state, authorized by law in each county, responsible for appraising property within its boundaries for taxing entities to use in setting their ad valorem tax rates. Appraisal districts are also called county appraisal districts or CADs.
This annual report includes appraised values by class of property, the total taxable value for most taxing units and the tax levy and tax rate for each county, school district and other taxing units in each appraisal district. Taxable value is a property's appraised value minus all applicable exemptions and other deductions or limitations. The tax levy is the total amount of taxes imposed by a taxing unit on taxable property within its boundaries.
Taxing units derive the tax rate by dividing the proposed tax levy by the taxable value of property and expressing it in dollars and cents per $100 of value. The assessor applies the rate to the taxable value to compute the amount of tax due on each property.
The Property Tax Code charges the Comptroller with reviewing the CADs' performance and providing information and technical assistance to CAD boards of directors, appraisal review boards (ARBs), tax professionals and the public.
An appraisal review board is an appointed group of appraisal district residents that hears taxing unit challenges and taxpayer protests. ARBs can also order corrections and must approve the appraisal records to create an equal and uniform appraisal roll for the taxing entities. An appraisal record shows the property identification number, owners' names, appraised value, the value of any exemptions and the taxable value of property. The appraisal records, when collected, reviewed and approved by the ARB, become the appraisal roll. A CAD's appraisal roll lists all properties within its boundaries; a taxing unit's appraisal roll lists the same data within its own boundaries.
This 2006 Annual Property Tax Report includes information from the 2006-2007 Appraisal District Operations Survey.