The Texas 50-141 form, known as the General Real Property Rendition of Taxable Property, is a document used to report real property that is owned or managed as a fiduciary as of January 1 of the tax year. While submitting this form is optional unless required by the Tax Code or the chief appraiser, it plays a crucial role in property taxation. To ensure compliance and accurate reporting, it's essential to fill out the form correctly and submit it to the appropriate appraisal district office.
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When filling out the Texas 50-141 form, there are important guidelines to follow. Adhering to these can help ensure that your submission is accurate and accepted without delay.
By following these dos and don'ts, you can help ensure that your Texas 50-141 form is filled out correctly and submitted in a timely manner.
General Real Property Rendition of Taxable Property
Form 50-141
C O N F I D E N T I A L
Tax Year _______________________________________
____________________________________________________________________________
________________________________
Appraisal District’s Name
Appraisal District Account Number (if known)
GENERAL INFORMATION: This form is for use in rendering for taxation real property owned or managed and controlled as a fiduciary on Jan. 1 of the year for which the property is rendered. Unless required by the Tax Code or the chief appraiser, rendering such property is optional.
FILING INSTRUCTIONS: This document and all supporting documentation must be filed with the appraisal district office in the county in which the property is taxable. Do not file this document with the Texas Comptroller of Public Accounts.
SECTION 1: Property Owner Information
______________________________________________________________________________________________________________
Property Owner Name
Mailing Address, City, State, ZIP Code
__________________________________________ __________________________________________________________________
Phone Number (AREA CODE AND NUMBER)
Email Address
Property Owner is (check one):
Individual Corporation Partnership Trust Association Nonprofit Corporation Other :_____________________
SECTION 2: Party Filing Report
Property Owner Secured Party
Employee of Property Owner
Fiduciary Authorized Agent
Other: _____________________________________________
Employee of Property Owner on Behalf of Affiliated Entity of the Property Owner
______________________________________________________________ _______________________________________________
Name of individual authorized to sign this reportTitle or Position
__________________________________________
__________________________________________________________________
NOTE: When a corporation is required to file this report, an officer of the corporation or an employee or agent who has been designated in writing by the board of directors or by an authorized officer to sign on behalf of the corporation must sign the report (Tax Code Section 22.26(b)).
Complete if applicable.
By checking this box, I affirm that the information contained in the most recent rendition statement filed in accurate for the current tax year.
___________ continues to be complete and
(Prior tax year)
Are you a secured party with a security interest in the property subject to this rendition and with a historical cost new of more than
Yes No
$50,000 as defined by Tax Code Section 22.01(c-1) and (c-2)?
If yes, attach a document signed by the property owner indicating consent to file the rendition. Without the authorization, the rendition is not valid and cannot be processed.
SECTION 3: Real Property Information
Provide the following information for the real property you are rendering.
Appraisal District Account Number or Property Identification Number (IF KNOWN)
Physical Address (i.e. street address, not P.O. Box), City, County, ZIP Code
Legal Description (IF KNOWN)
Number of Acres of Land (or fraction of an acre) or Lot Size
Form developed by: Texas Comptroller of Public Accounts, Property Tax Assistance Division
For additional copies, visit: comptroller.texas.gov/taxes/property-tax
50-141 • 10-19/12
SECTION 3: Real Property Information (continued)
List and describe all buildings and other improvements on the land:
$_______________________________________
Property Owner’s Estimate of Total Market Value
for All the Property Described in this Rendition (Optional)**
**Although rendering a value is not required, such action entitles the property owner to be notified if an appraised value greater than the rendered value is to be submitted to the appraisal review board (Tax Code Section 25.19).
SECTION 4: Affirmation and Signature
If you make a false statement on this form, you could be found guilty of a Class A misdemeanor or a state jail felony under Section 37.10, Penal Code.
I, __________________________________________________________________________,
Printed Name of Authorized Individual
swear or affirm that the information provided in this report is true and accurate to the best of my knowledge and belief.
NOTE: If the person filing and signing this report is not the property owner, an employee of the property owner, an employee of a property owner signing on behalf of an affiliated entity of the property owner or a secured party as defined by Tax Code Section 22.01, the signature below must be notarized.
____________________________________________________________
________________________________________
Signature of Authorized Individual
Date
Subscribed and sworn before me this _________ day of ______________________________, 20_______.
_____________________________________ Notary Public, State of Texas
Important Information
GENERAL INFORMATION: This form is for use in rendering for taxation real property owned or managed and controlled as a fiduciary on Jan. 1 of the year for which the property is rendered. Unless required by the Tax Code or the chief appraiser, rendering such property is optional. This report is confidential and not open to public inspection; disclosure is permitted pursuant to the terms of Tax Code Section 22.27.
FILING INSTRUCTIONS: This document and all supporting documentation must be filed with the appraisal district office in the county in which the property is taxable. Do not file this document with the Texas Comptroller of Public Accounts. Contact information for appraisal district offices may be found on the Comptroller’s website.
DEADLINES: Rendition statements and property report deadlines depend on property type. The statements and reports must be delivered to the chief appraiser after Jan. 1 and no later than the deadlines indicated below.
Rendition Statements and Reports
Deadlines
Allowed Extension(s)
• May 15 upon written
Property generally
April 15
request
• Additional 15 days for good
cause shown
Property regulated by the
Public Utility Commission of
Texas, the Railroad Commission
of Texas, the federal Surface
April 30
Transportation Board or the
Federal Energy Regulatory
Commission. Tax Code 22.23(d).
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The Texas 50-141 form is essential for rendering real property for taxation. Alongside this form, there are several other documents that may be required or helpful in the process. Below is a list of these forms, each with a brief description.
Understanding these forms can streamline the process of property tax rendering and ensure compliance with Texas tax laws. It is advisable to gather all necessary documents before filing to avoid delays or issues with the appraisal district.
When filling out the Texas 50-141 form, individuals often make several common mistakes that can lead to complications in the property tax process. One frequent error is failing to provide complete and accurate property owner information. This includes the owner's name, mailing address, and contact details. Omitting any of this information can delay processing and create confusion.
Another mistake is neglecting to check the appropriate box indicating the type of property owner. Whether the owner is an individual, corporation, or another entity, this designation is crucial for proper classification. Misclassification can lead to incorrect tax assessments.
Many individuals also overlook the importance of signing the form. The signature must be from an authorized individual, and if this requirement is not met, the form may be deemed invalid. Additionally, if the person signing is not the property owner, notarization is necessary, and failing to do so can result in the form being rejected.
In Section 3, some filers do not provide a physical address for the property. Using a P.O. Box instead of a physical location can cause significant issues, as the appraisal district needs a specific site to assess the property accurately. Furthermore, individuals sometimes forget to include the legal description of the property, which is essential for identification purposes.
Another common oversight is not attaching required documentation. If the filer is a secured party, they must include a signed document from the property owner granting permission to file the rendition. Without this authorization, the appraisal district cannot process the form.
Lastly, many people fail to acknowledge the deadlines for submission. It is vital to submit the form by the appropriate date to avoid penalties or additional fees. Missing the deadline can lead to complications that may have been easily avoided with timely action.
Understanding the Texas Form 50-141 can be crucial for property owners and fiduciaries alike. However, there are several misconceptions that can lead to confusion. Here are five common misunderstandings about this important form:
Many believe that filing this form is a requirement for every property owner. In reality, unless mandated by the Tax Code or the chief appraiser, submitting the form is optional. This means that if you are not specifically required to file, you can choose whether to do so.
Some individuals mistakenly think they can submit the form to the Texas Comptroller of Public Accounts. This is incorrect. The form must be filed directly with the appraisal district office in the county where the property is taxable.
While property owners can file the form, they are not the only ones who can do so. Authorized agents, fiduciaries, and employees of the property owner can also submit the form on behalf of the property owner.
This is a common error. In many cases, the form must be accompanied by supporting documentation. Failing to include these documents can lead to delays or rejection of the filing.
Some individuals may think that inaccuracies on the form are inconsequential. However, making false statements can lead to serious legal repercussions, including a Class A misdemeanor or even a state jail felony.
Being informed about these misconceptions can help ensure that you file the Texas Form 50-141 correctly and avoid potential issues. Take action now to clarify your understanding and ensure compliance!
After gathering the necessary information, the next step is to accurately complete the Texas Form 50-141. This form must be submitted to the appropriate appraisal district office in the county where the property is located. Ensure all sections are filled out completely to avoid delays in processing.