TRAVIS CENTRAL APPRAISAL DISTRICT

TRAVIS CENTRAL APPRAISAL DISTRICT

TRAVIS COUNTY, TEXAS

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Can previous lease and rental payments be deducted from the cost of a piece of heavy equipment being sold?

Can previous lease and rental payments be deducted from the cost of a piece of heavy equipment being sold?

by TCAD / Friday, 16 August 2019 / Published in

Yes, interest payment can be deducted. Section 23.1241(a)(7) states that the sales price is the “total amount of the lease or rental payments plus any final consideration, excluding interest.” For purposes of the annual declaration used to determine the property tax on the market value of a dealer’s inventory, Section 23.1241(b-1) provides that the sales price of an item of heavy equipment that is sold during the preceding year is considered to be the sum of the sales price for the item plus the total lease and rental payments received for the item in the preceding tax year.

About TCAD

GENERAL INFORMATION

Chief Appraiser:
Marya Crigler

Taxpayer Liaison:
Martin Wilbanks

Address:
850 E Anderson Lane
Austin, Texas 78752

BUSINESS HOURS

Mon - Wed - Fri
7:45 am - 4:45 pm
Tues - Thurs
9:00 am - 4:45 pm

Phone: (512) 834-9317

LATE HOMESTEAD EXEMPTION

A property owner may file a late application for a homestead exemption after the deadline for filing has passed if it is filed not later than two years after the delinquency date for the taxes on the homestead.

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Our office will be closed in observance of

Jan 18..... M.L.K. Jr. Birthday
Feb 15......... President's Day
May 31........... Memorial Day
Jul 05.........Independence Day
Sept 6................ Labor Day
Oct 12................ Columbus Day
Nov 11........... Veteran's Day
Nov 25 & 26...... Thanksgiving
Dec 23 & 24.......... Christmas
Dec 31...........New Years Day

Physical Address

850 East Anderson Lane
Austin, Texas 78752

BUSINESS HOURS

Mon - Wed - Fri
7:45 am - 4:45 pm
Tues - Thurs
9:00 am - 4:45 pm

Phone: (512) 834-9317

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