The Board of Directors Role in the Property Tax System
The local property tax system follows the principle of checks and balances. An appraisal district board of directors hires the chief appraiser, sets the budget and appoints the appraisal review board members. The directors have no authority to set values or appraisal methods. The chief appraiser carries out the appraisal district’s legal duties, hires the staff, makes the appraisals and operates the appraisal office.
Delta CAD Board of Directors
|Dawn Stewart Tax Assessor Collector||Non-voting member|
The Appraisal District is giving public notice of the capitalization rate to be used each year to appraise property receiving an exemption under Section11.1825 of the Property Tax Code for Organizations Constructing or Rehabilitating Low-Income Housing: Property Not Previously Exempt.
2020 Low Income Housing Apartment Capitalization Rate: 8%-10%