economy Economic Development

Post Abatement Property Valuation ReportsChapter 312

Post abatement property valuation reporting is a series of three annual reports submitted to the Comptroller's office starting one year after the abatement’s expiration. The reports apply to all tax abatement agreements that expired on or after Sept. 1, 2019.

The reports compare the property values at the time the abatement agreement is executed with the property valuations for each of the three years following the abatement’s expiration.

The purpose of the reports is to ensure the abatement permanently increased property values rather than giving a temporary boost or resulting in a business that is willing to leave the community.

Reporting Requirements

For each of the three years following the expiration of a tax abatement agreement, the chief appraiser of each appraisal district delivers a report to the Comptroller's office containing the appraised value of the property that was subject to the agreement.

The first annual report is due one year after the expiration of the tax abatement agreement, and the second and third reports the following years.

Reports may only be submitted using eSystems. Refer to Submitting Required Reports for more information.

The report should not be filed if the abatement is canceled or terminated.

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Need Help?

For additional information, contact the Data Analysis and Transparency Division via email or at 844-519-5672.