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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Each association and each federal association shall render for ad valorem taxation all of its personal property, other than furniture, fixtures, equipment, and automobiles, as a whole at the value remaining after deducting the following from the total value of its entire assets:
(1) all debts that it owes;
(2) all tax-free securities that it owns;
(3) its loss reserves and surplus;
(4) its savings liability; and
(5) the appraised value of its furniture, fixtures, and real property.
(b) The association or federal association shall render the personal property, other than furniture, fixtures, equipment, and automobiles, to the chief appraiser of the appraisal district in the county in which its principal office is located.
(c) Furniture, fixtures, equipment, and automobiles of an association or federal association shall be rendered and valued for ad valorem taxation as provided by the Tax Code.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 89.003. Rendition of Certain Personal Property for Ad Valorem Taxation - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-89-003/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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