Primarily Charitable OrganizationNew School Exemption Treated in Property Value Study
Effective beginning January 2002, Tax Code Section 11.184 provides for a new local option property tax exemption for charitable organizations engaged primarily in charitable activities. This new exemption is at the discretion of local taxing units, including school districts.
One question concerns how the Comptroller’s Property Tax Division (PTD) will treat this new total exemption for primarily charitable organizations in its study of school district values.
Totally exempt property is excluded from the property value study (PVS). If a school district grants this exemption and reports the value loss in the totally exempt property total, then that value will be excluded from the study findings for that school district.
The January STATEMENT included a detailed article about this new exemption. The March/April STATEMENT addressed common questions about this new exemption. For more information, contact the technical assistance hotline at the Comptroller’s Property Tax Division by calling 1-800-252-9121, option 2. In Austin, call 512/305-9999. Or, e-mail questions to firstname.lastname@example.org.