Post abatement property valuation reporting is a series of three annual reports submitted to the Texas Comptroller of Public Accounts, with the first report submitted one year after the abatement’s expiration.
The purpose of the reports is to compare the valuation of a formerly abated property and to make sure the abatement was of value in bringing jobs and/or other economic development attractions that permanently increased property values rather than giving a temporary boost or resulting in a business that is willing to leave the community.
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 statutory requirements are:
For additional information, contact the Data Analysis and Transparency Division via email or at 844-519-5672, ext. 6-9231.
This information should not be construed as, and is not a substitute for, legal advice.
Property owners and school districts are urged to consult the Attorney General's Economic Development Handbook and their own legal counsel for any questions or interpretations of economic development laws.