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Non-Profits and
Some Businesses Face April 30 Deadline to File for Property Tax
Exemptions
For non-profit organizations to receive
property tax exemptions, they must apply to the Denton CAD no later
than April 30.
The April 30
deadline also applies to businesses receiving tax abatements granted
by taxing units, to firms shipping inventory out of Texas, may be
eligible for the “Freeport” exemption on certain goods in transit
for certain property stored in warehouses having moved within 175
days, and to businesses acquiring pollution control property. If the
last day for the performance of an act is a Saturday, Sunday or legal
state or national holiday, the act is timely if performed on the next
regular business day.
The non-profit
organizations that are eligible for property tax exemptions include,
but are not limited to: certain charitable organizations, youth
development organizations, religious organizations, non-profit
private schools, cemeteries and veterans’ organizations. If a
non-profit organization meets property tax exemption qualifications,
the exemption can be approved immediately after the organization buys
or acquires new property during the year.
Non-profit
organizations must reapply if the property changes owners, if their
qualifications for exemption change or if they acquire new property.
In most cases, after non-profit organizations are granted a property
tax exemption, they do not have to reapply annually unless the chief
appraiser asks them to file again.
Property owners with
mineral property or business personal property worth less than $500
are exempt from property taxes. No exemption application is
required.
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