Description: C:\Documents and Settings\dripkoski.BRAZORIACAD\My Documents\Website\Community_files\image001.gif

BRAZORIA COUNTY APPRAISAL DISTRICT

500 North Chenango Street – Angleton, Texas 77515-4650

Telephone:  (979) 849-7792     Fax:  (979) 849-7984

Description: C:\Documents and Settings\dripkoski.BRAZORIACAD\My Documents\Website\Community_files\image002.gif

 

 

2012 COMMUNITY HOUSING DEVELOPMENT ORGANIZATION PROPERTY CAPITALIZATION RATE

 

Pursuant to §11.1825(r) of the Texas Property Tax Code, the Brazoria County Appraisal District gives public notice of the capitalization rate to be used for tax year 2012 to value properties receiving exemptions under this section. Rent restricted properties vary widely. These variations can have an effect on the valuation of the property. A basic capitalization rate of 9.5% to 11% will be used to value these properties; although adjustments may be made based on the individual property characteristics and the information provided to the chief appraiser as required under Sections 11.182 (d) and (g), Property Tax Code.