Form 50-143 "Rendition of Residential Real Property Inventory" - Texas

What Is Form 50-143?

This is a legal form that was released by the Texas Comptroller of Public Accounts - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on January 1, 2018;
  • The latest edition provided by the Texas Comptroller of Public Accounts;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form 50-143 by clicking the link below or browse more documents and templates provided by the Texas Comptroller of Public Accounts.

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Download Form 50-143 "Rendition of Residential Real Property Inventory" - Texas

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Form
Texas Comptroller of Public Accounts
50-143
Rendition of Residential Real Property Inventory
C O N F I D E N T I A L
______________________________________________________________________
___________________________
Appraisal District’s Name
Phone (area code and number)
___________________________________________________________________________________________________
Address, City, State, ZIP Code
Are there one or more taxing units located in the county that exempt freeport property under Tax Code Section 11.251? . . . . . . . . .
Yes
No
GENERAL INSTRUCTIONS: This form is for use in rendering residential real property inventory owned or managed and controlled as a fiduciary on Jan. 1.
This form assists the appraisal district in classifying and appraising property as inventory. Under Tax Code Section 23.12, inventory includes residential real
property which has never been occupied as a residence; held for sale; remains unoccupied; is not leased or rented; and produces no income. This report is
confidential and not open to public inspection; disclosure is permitted pursuant to the terms of Tax Code Section 22.27.
Unless required by the Tax Code or the chief appraiser, rendering real property is optional. File a separate rendition form for each subdivision or group
of contiguous properties. To render real property that does not qualify as residential real property inventory, use Form 50-141 General Real Property
Rendition of Taxable Property.
FILING INSTRUCTIONS: This document and all supporting documentation must be filed with the appraisal district office in the county in which the
property is taxable. Do not file this document with the Texas Comptroller of Public Accounts. A directory with contact information for appraisal district offices
may be found on the Comptroller’s website.
DEADLINES: Rendition statements and property report deadlines depend on property type or location. The statements and reports must be delivered to the
chief appraiser after Jan. 1 and no later than the deadline indicated below. Allowed extensions also vary by property type or location as referenced below.
Rendition Statements and Reports
Deadlines
Allowed Extension(s)
Property located in an appraisal district in which one or
April 1
• May 1 upon written request
more taxing units exempts freeport property under Tax
• additional 15 days for good cause shown
Code Section 11.251
Property generally
April 15
• May 15 upon written request
• additional 15 days for good cause shown
Regulated property*
April 30
• additional 15 days for good cause shown
* Property regulated by the Public Utility Commission of Texas, the Railroad Commission of Texas, the Federal Surface Transportation Board or the Federal
Energy Regulatory Commission.
State the tax year for which this property is being rendered.
__________________________
Tax Year
SECTION 1: Property Owner Information
___________________________________________________________________________________________________
Property Owner Name
___________________________________________________________________________________________________
Mailing Address, City, State, ZIP Code
_____________________________________
____________________________________________________________
Phone Number (area code and number)
Email Address*
Property owner is (check one):
Individual
Corporation
Partnership
Trust
Association
Nonprofit Corporation
Other
(specify):______________________________________________
The Property Tax Assistance Division at the Texas Comptroller of Public Accounts provides property tax
For more information, visit our website:
comptroller.texas.gov/taxes/property-tax
information and resources for taxpayers, local taxing entities, appraisal districts and appraisal review boards.
50-143 • 01-18/11
Form
Texas Comptroller of Public Accounts
50-143
Rendition of Residential Real Property Inventory
C O N F I D E N T I A L
______________________________________________________________________
___________________________
Appraisal District’s Name
Phone (area code and number)
___________________________________________________________________________________________________
Address, City, State, ZIP Code
Are there one or more taxing units located in the county that exempt freeport property under Tax Code Section 11.251? . . . . . . . . .
Yes
No
GENERAL INSTRUCTIONS: This form is for use in rendering residential real property inventory owned or managed and controlled as a fiduciary on Jan. 1.
This form assists the appraisal district in classifying and appraising property as inventory. Under Tax Code Section 23.12, inventory includes residential real
property which has never been occupied as a residence; held for sale; remains unoccupied; is not leased or rented; and produces no income. This report is
confidential and not open to public inspection; disclosure is permitted pursuant to the terms of Tax Code Section 22.27.
Unless required by the Tax Code or the chief appraiser, rendering real property is optional. File a separate rendition form for each subdivision or group
of contiguous properties. To render real property that does not qualify as residential real property inventory, use Form 50-141 General Real Property
Rendition of Taxable Property.
FILING INSTRUCTIONS: This document and all supporting documentation must be filed with the appraisal district office in the county in which the
property is taxable. Do not file this document with the Texas Comptroller of Public Accounts. A directory with contact information for appraisal district offices
may be found on the Comptroller’s website.
DEADLINES: Rendition statements and property report deadlines depend on property type or location. The statements and reports must be delivered to the
chief appraiser after Jan. 1 and no later than the deadline indicated below. Allowed extensions also vary by property type or location as referenced below.
Rendition Statements and Reports
Deadlines
Allowed Extension(s)
Property located in an appraisal district in which one or
April 1
• May 1 upon written request
more taxing units exempts freeport property under Tax
• additional 15 days for good cause shown
Code Section 11.251
Property generally
April 15
• May 15 upon written request
• additional 15 days for good cause shown
Regulated property*
April 30
• additional 15 days for good cause shown
* Property regulated by the Public Utility Commission of Texas, the Railroad Commission of Texas, the Federal Surface Transportation Board or the Federal
Energy Regulatory Commission.
State the tax year for which this property is being rendered.
__________________________
Tax Year
SECTION 1: Property Owner Information
___________________________________________________________________________________________________
Property Owner Name
___________________________________________________________________________________________________
Mailing Address, City, State, ZIP Code
_____________________________________
____________________________________________________________
Phone Number (area code and number)
Email Address*
Property owner is (check one):
Individual
Corporation
Partnership
Trust
Association
Nonprofit Corporation
Other
(specify):______________________________________________
The Property Tax Assistance Division at the Texas Comptroller of Public Accounts provides property tax
For more information, visit our website:
comptroller.texas.gov/taxes/property-tax
information and resources for taxpayers, local taxing entities, appraisal districts and appraisal review boards.
50-143 • 01-18/11
Form
Texas Comptroller of Public Accounts
50-143
SECTION 2: Party Filing Report
Indicate the capacity or status of the party filing this report.
Property Owner
Secured Party
Employee of Property Owner
Fiduciary
Authorized Agent
Other
_____________________________
Employee of Property Owner On Behalf Of Affiliated
Entity of the Property Owner
_____________________________________________________________________
____________________________
Name of party (i.e. business name) filing this report
Phone (area code and number)
___________________________________________________________________________________________________
Mailing Address, City, State, ZIP Code
NOTE: Pursuant to Tax Code Section 22.26(b), when a corporation is required to file this report, an officer of the corporation or an employee or agent who
has been designated in writing by the board of directors or by an authorized officer to sign in behalf of the corporation must sign the report.
_____________________________________________________________________
____________________________
Name of individual authorized to sign this report
Title or Position
_____________________________________
____________________________________________________________
Phone Number (area code and number)
Email Address*
Complete if applicable.
______________
By checking this box, I affirm that the information contained in the most recent rendition statement filed in
continues to be
(Prior tax year)
complete and accurate for the current tax year.
Complete if applicable.
A secured party filing this report must:
have the property owner’s consent;
have a security interest on Jan. 1 in the property which has an historical cost when new of over $50,000; and
meet the filing requirements of Tax Code Section 22.01.
Are all of these requirements met? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
SECTION 3: Property Information
_________________________________________________
Appraisal district property account number or identification number (if known):
_________________________________________________________
Identify each of the taxing units in which the property is located:
___________________________________________________________________________________________________
Complete the following optional schedules in this form:
Residential Real Property Inventory Schedule
Information About Estimate of This Inventory’s Value
If a value is rendered in the Residential Real Property Inventory Schedule, please complete the last page of this form, Information About Estimate of This
Inventory’s Value, to show how the inventory value was derived. The law does not require an estimate of value. If an estimate is provided, the appraisal
district must send a notice of appraised value if it places a higher total value on the property than the estimate.
comptroller.texas.gov/taxes/property-tax
Page 2
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50-143 • 01-18/11
Form
Texas Comptroller of Public Accounts
50-143
SECTION 4: Affirmation and Signature
NOTICE REGARDING PENALTIES FOR MAKING OR FILING A REPORT CONTAINING A FALSE STATEMENT: If you make a false statement on
this form, you could be found guilty of a Class A misdemeanor or a state jail felony under Section 37.10, Penal Code.
______________________________________________________________
I,
, swear or affirm the following:
Printed Name of Authorized Individual
1. that the information provided in this report is true and accurate to the best of my knowledge and belief;
2. that I am authorized as required by law to file and sign this report; and
3. that I have read and understand the Notice Regarding Penalties for Making or Filing a Report Containing a False Statement.
NOTE: If the person filing and signing this report is not the property owner, an employee of the property owner, an employee of a property owner signing
on behalf of an affiliated entity of the property owner or a secured party as defined by Tax Code Section 22.01, the signature below must be notarized.
________________________________________________
________________________________________
Signature of Authorized Individual
Date
__________
____________________
_______
Subscribed and sworn before me this
day of
, 20
.
___________________________________________________
Notary Public, State of Texas
* An email address of a member of the public could be confidential under Government Code Section 552.137; however, by including the email address on this form, you are
affirmatively consenting to its release under the Public Information Act.
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50-143 • 01-18/11
Form
Texas Comptroller of Public Accounts
50-143
Residential Real Property Inventory Schedule
Provide the description of each property including the appraisal district account number (if the district has assigned separate numbers for each property), the individual property legal description,
improvement area, percent complete on Jan. 1 and the asking price for the property. Providing the estimated land and improvement value are optional.
Complete this table (attach additional sheets as necessary) or a spreadsheet setting forth the required information. All such information must be separately identified in a manner that conforms to the column
headers used in the tables or that is acceptable to the property owner and appraisal district.
___________________________________________________________________________________________________
Subdivision Name
___________________________________________________________________________________________________
Location (nearest major intersection)
___________________________________________________________________________________________________
Appraisal District Account Number
Optional: give estimate of inventory value
Continue on additional sheets as needed
(allocated to each property, if possible)
Percent
Has Property Ever
Is Property Leased,
Appraisal District Account Number
Living Area
Completed on
Asking
Been Occupied as
Rented or Producing
(if individual numbers are assigned)
Legal Description
in Square Feet
Jan. 1
Price
Land
Improvements
a Residence?
Income?
Optional: Estimate of the total inventory value of this group of properties
______
______
(Please complete the information about the basis of the estimate of value on the last page of the form)
Page
of
pages
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50-143 • 01-18/11
Form
Texas Comptroller of Public Accounts
50-143
Optional: Information About Your Estimate of This Inventory’s Value
If a value was rendered in the Residential Real Property Inventory Schedule, please complete this schedule to show how the inventory value was derived.
Cost
Income
If the inventory value estimate is based on cost, please
If the inventory value estimate is based on income from
complete this schedule or attach documentation for the
selling the properties over time, please complete this
estimate.
schedule and attach documentation.
Land Cost:
__________________
Number of Properties in Inventory . . .
Total Number of Lots/Acres in this Schedule:
Projected Annual Gross
__________________
Income from Sales. . . . . . . . . . . . . . . . $
______________________________
Lot
Acre
Projected Time to Sell Inventory (please attach a timetable if the
________________
Purchased for . . . . . . . . . . $
per Lot/Acre
same number of units is not expected to be sold):
Date Purchased (attach schedule
_____________
For Each Year,
Months
if properties were purchased
_________________________
on more than one date)
___________
Projected Selling Price Change + or –
% per Year
________________
Site Improvement Costs
$
per Lot/Acre
Projected Annual Expenses:
________________
Other Development Costs $
per Lot/Acre
__________________
Interim Financing . . . . . . . . . . . . . . . . $
Building Cost (total for all improvements listed):
__________________
Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . $
__________________
Materials . . . . . . . . . . . . . . . . . . . .
$
__________________
Insurance . . . . . . . . . . . . . . . . . . . . . . $
__________________
Labor . . . . . . . . . . . . . . . . . . . . . .
$
__________________
Marketing . . . . . . . . . . . . . . . . . . . . . . $
__________________
Architectural Design . . . . . . . . . . .
$
__________________
Payment of Points. . . . . . . . . . . . . . . . $
__________________
Filing and Permit Expense . . . . . .
$
Other Expenses (specify):
__________________
Title Expense . . . . . . . . . . . . . . . .
$
___________________________
__________________
$
__________________
___________________________
__________________
Advertising/Promotion. . . . . . . . . .
$
$
__________________
___________________________
__________________
Security . . . . . . . . . . . . . . . . . . . .
$
$
__________________
___________________________
__________________
Insurance . . . . . . . . . . . . . . . . . . .
$
$
__________________
___________________________
__________________
Financing Cost . . . . . . . . . . . . . . .
$
$
__________________
___________________________
__________________
Tax . . . . . . . . . . . . . . . . . . . . . . . .
$
$
Other Building Costs (specify):
___________________________
__________________
$
_________________________
__________________
$
___________________________
__________________
$
_________________________
__________________
$
Projected Profit as a Percentage
__________________
of Annual Gross Income . . . . . . . . . . . $
_________________________
__________________
$
Discount Rate Used to
_________________________
__________________
$
__________________
Project Value. . . . . . . . . . . . . . . . . . . .
_________________________
__________________
$
Total Inventory Value:
__________________
. . . . . . . . . $
Total Inventory Cost:
__________________
. . . . . . .
$
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50-143 • 01-18/11
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