Tax Rendition Process
When preparing the yearly property tax rendition form, several areas one should always be aware of:
- Failure to file by April 15 of each year will allow the appraisal district to impose a monetary late filing penalty of 10% of the total estimated taxes for the current year.
- The appraisal district can now request supporting documentation for each rendition or in short the appraisal district has audit power.
- If a rendition is filed incorrectly and the district determines that the company has done so intentionally, a monetary penalty in the amount of 50% of the total estimated taxes will be imposed and possible criminal penalties may also be imposed.
- Failure to file at all may allow the appraisal district to impose a monetary penalty in the amount of 50% of the total estimated taxes, if they determine a company is trying to evade property taxes.