Case 2:21-cv-00072-JRG-RSP Document 88-7 Filed 06/16/21 Page 1 of 6 PageID #: 2488
`Case 2:21-cv-00072-JRG-RSP Document 88-7 Filed 06/16/21 Page 1 of 6 PageID #: 2488
`
`
`
`EXHIBIT G
`EXHIBIT G
`
`

`

`Collin CAD - Help and FAQs
`6/9/2021
`Case 2:21-cv-00072-JRG-RSP Document 88-7 Filed 06/16/21 Page 2 of 6 PageID #: 2489
`Business Personal Property (BPP) FAQs
`
`FAQ Search
`
`Use this field to search for key terms related to your question.
`
`Have a technical question? Click here to submit a ticket using our Helpdesk system!
`What is a Confidential Business Personal Property Rendition?
`
`This is a statement listing anything that is not real property used to generate income. All businesses are
`required by state law to file this rendition.
`What is business personal property?
`
`Business personal property includes, but is not limited to, furniture, fixtures, equipment, (office and shop), tools,
`machinery, computers, copiers, motor vehicles, aircraft, inventory held for sale on consignment, raw materials,
`goods in process, finished goods and/or those awaiting sale or distribution. Please note: If you use your own
`personal tools, machinery, equipment, vehicles or any other item, gadget or thing to produce a product or
`provide a service and receive income, those items are included in the appraisal assessment.
`When do you file the rendition and what is the deadline?
`
`After January 1 and not later than April 15 of each tax year, if the deadline falls on a Saturday or Sunday it is
`postponed until the next business day.
`What should I do if I am unable to file on time?
`
`If more time is needed, a May 15 extension request must be received in writing by the April 15 rendition filing
`deadline. You can submit your request in several ways:
`
`
`
`You can mail your extension request to…
`Collin Central Appraisal District
`
`Attn: BPP Department
`
`250 Eldorado Pkwy
`
`McKinney, TX 75069
`You can fax your extension request to…
`469-742-9203
`You can e-mail your extension request to…
`bpp@cadcollin.org
`
`
`
`Each request for an extension must include the following:
`
`the business owner's name
`the location address of the business
`
`https://www.collincad.org/faqs/23-bpp
`
`1/5
`
`

`

`Collin CAD - Help and FAQs
`6/9/2021
`Case 2:21-cv-00072-JRG-RSP Document 88-7 Filed 06/16/21 Page 3 of 6 PageID #: 2490
`a phone number
`— if available, please include the property's Property ID too
`
`If the extension has been granted, no approval letter will be mailed – but the statement “A Rendition Extension
`has been Granted on this property.” will appear near the top of the property's details on our website's Property
`Search.
`
`If, however, the request was received after the rendition filing deadline, a denial letter will be mailed to the
`mailing address on file.
`Can I file my rendition on-line or electronically?
`
`No, currently this function is not available.
`Is leased equipment taxable?
`
`Yes. It is taxable to the owner of the property as of January l of the tax year.
`Am I required to file a business personal property rendition
`form?
`
`Yes. State law requires that all business owners file a business personal property rendition annually. If you fail to
`timely file a rendition or other property report required by Texas law, the chief appraiser must impose a penalty
`in an amount equal to ten percent (10%) of the total taxes due on the property for the current year.
`How can a rendition form be obtained?
`
`As a courtesy, the appraisal district mails rendition forms to businesses currently listed on the appraisal district's
`records. If a business owner does not receive a form, it is the business owner's responsibility to contact the
`Collin Central Appraisal District @ (469) 742-9200. Rendition forms are also available here.
`When can I expect to receive my rendition form?
`
`Renditions are mailed by February 1st of each year.
`Is it to my benefit to render my business personal property?
`
`Yes. The age and original cost of the property is very important and may help in determining the value of the
`property. An appraiser may come by your property location to make an inspection and will make an estimate of
`your property's worth.
`What happens if I don't file a rendition for my business?
`
`If you fail to timely file a rendition or other property report required by Texas law, the chief appraiser must
`impose a penalty in an amount equal to ten percent (10%) of the total taxes due on the property for the current
`year. If a court determines that a taxpayer filed a false rendition or report with the intent to commit fraud or to
`evade the tax or has altered, destroyed, or concealed any record, document, or thing, or presents to the chief
`appraiser any altered or fraudulent record, document, or thing, or otherwise engages in fraudulent conduct for
`
`https://www.collincad.org/faqs/23-bpp
`
`2/5
`
`

`

`Collin CAD - Help and FAQs
`6/9/2021
`Case 2:21-cv-00072-JRG-RSP Document 88-7 Filed 06/16/21 Page 4 of 6 PageID #: 2491
`the purpose of affecting the outcome of an inspection, investigation, determination, or other proceeding before
`the appraisal district, the chief appraiser must impose an additional penalty equal to fifty percent (50%) of the
`total taxes due on the property for the current year.
`
`If the appraisal district determines that there has been omitted property left off the roll, the property will be back
`assessed. Additional penalty and interest may be applied.
`What if I move or sell my business during the year?
`
`The tax liability on business personal property is determined according to its location and ownership as of
`January 1.
`What if I close my business during the year, will my taxes be
`prorated?
`
`No. The taxes will be assessed for the entire year.
`Are rendered business records open to the public?
`
`No. Personal property renditions are confidential and not available from open records for public inspection.
`My business has an aggregate value less than $20,000. Must I
`complete all of this complicated form?
`
`Section 22.019(f) of the Texas Property Tax Code states:
`
`"Notwithstanding Subsections (a) and (b), a rendition statement of a person who owns tangible personal
`property used for the production of income that, in the owner’s opinion, has an aggregate value of less than
`$20,000 is required to contain only:
`
`1. the name and address of the property owner;
`2. a general description of the property by type or category;
`3. the physical location or taxable situs of the property."
`Is my business taxable if I operate it from my home?
`
`Yes. All business assets, regardless of location, are taxable.
`I own my own tools and equipment, but use them in my
`business. Are these items taxable?
`
`Yes. All furniture, fixtures, equipment, (office and shop), tools, machinery, computers, copiers, motor vehicles,
`aircraft, inventory held for sale on consignment, raw materials, goods in process, finished goods and/or those
`awaiting sale or distribution that are used to produce income are taxable whether you make a profit or not.
`
`https://www.collincad.org/faqs/23-bpp
`
`3/5
`
`

`

`Collin CAD - Help and FAQs
`6/9/2021
`Case 2:21-cv-00072-JRG-RSP Document 88-7 Filed 06/16/21 Page 5 of 6 PageID #: 2492
`Can my vehicle that I use for personal and business be
`exempt?
`
`Effective January 2007 the taxpayer may file an exemption on one vehicle that is owned by an individual and the
`vehicle is being used for personal and business use. This exemption deadline is April 30th. An application can be
`found here.
`Can I use my bookkeeping records as my rendition?
`
`Yes. Attach these records to the rendition, sign and date it and then return it to our office. Include asset listings
`with the date of acquisition and original cost. All assets owned by the business must be rendered.
`If all my business personal property has already been
`depreciated out according to Federal Income Tax Laws, is my
`business still taxable?
`
`Yes. If your business personal property is still in use and used to generate income, your business personal
`property is taxable.
`May I use my Federal Income depreciation schedule?
`
`Yes. However, you must list all assets still in use to produce income along with it the year of acquisition and
`original cost.
`What if the Appraisal District values are higher than the
`amount that was rendered?
`
`If you disagree with the appraisal district value, you have the right to protest before the ARB.
`Can the appraisal district request additional information after
`receiving a rendition?
`
`Yes, Section 22.07 of the Texas Property Tax Code states:
`
`(c) The chief appraiser may request, either in writing or by electronic means, that the property owner
`provide a statement containing supporting information indicating how the value rendered under Section
`22.01 (a)(5) was determined. The statement must:
`
`summarize information sufficient to identify the property, including:
`
`the physical and economic characteristics relevant to the opinion of value, if appropriate;
`and the source of the information used;
`state the effective date of the opinion of value; and
`explain the basis of the value rendered. If the property owner is a business with 50
`employees or less, the property owner may base the estimate of value on the depreciation
`schedules used for federal income tax purposes.
`https://www.collincad.org/faqs/23-bpp
`
`4/5
`
`

`

`Collin CAD - Help and FAQs
`6/9/2021
`Case 2:21-cv-00072-JRG-RSP Document 88-7 Filed 06/16/21 Page 6 of 6 PageID #: 2493
`(d) The property owner shall deliver the statement to the chief appraiser, either in writing or by
`electronic means, not later than the 21st day after the date the chief appraiser’s request is received. The
`owner's statement is solely for informational purposes and is not admissible in evidence in any
`subsequent protest, suit, appeal or any other proceeding under this title involving the property other
`than:
`
`a proceeding to determine whether the property owner has complied with this section;
`a proceeding under Section 22.29(b); or
`a protest under Section 41.41 of the Texas Property Tax Code.
`
`(e) A statement provided under this section is confidential information and may not be disclosed, except
`as provided by Section 22.27 Texas Property Tax Code.
`
`(f) Failure to comply with this section in a timely manner is considered to be a failure to timely render
`under Section 22.01 of the Texas Property Tax Code, and penalties as described in Section 22.28 of the
`Texas Property Tax Code shall be applied by the chief appraiser.
`
`What is Dealer's Special Inventory tax?
`
`For property tax purposes, Texas law requires that a motor vehicle dealer’s inventory is appraised based on the
`total sales of motor vehicles in the prior year. Dealers must file with the county appraisal district a Dealer’s
`Motor Vehicle Inventory Declaration from listing the total value of the inventory sold in the prior year. The
`dealer must also file with the county tax office a monthly form Dealer's Motor Vehicle Inventory Tax Statement
`listing the motor vehicles sold, and prepay their property taxes for each vehicle, a copy of this monthly form
`must also be sent to the county appraisal district.
`What are the due dates of Dealer's Motor Vehicle Inventory
`forms?
`
`The yearly Declaration is due February 1st and the monthly inventory statements are due each month by the 10th.
`More Articles...
`
`1. I am a new dealer. Where can I get the Dealer's Motor Vehicle Inventory forms?
`
`Page 1 of 2
`
`Start
`
`Prev
`
`1
`
`2
`
`Next
`
`End
`
`https://www.collincad.org/faqs/23-bpp
`
`5/5
`
`