Applications are currently being accepted for Appraisal Review Board members for the 2024 tax appeal season. More information can be found at:
https://www.wcad.org/applicants-sought-for-appraisal-review-board-service/
Capitalization Rate
2023 Low Income Housing Development Capitalization Rate
According to House Bill 3546, “not later than January 31 of each year, the Appraisal District shall give public notice, including posting on the District’s website, the capitalization rate to be used in that year to appraise property receiving exemption under this section.”
Pursuant to Section 11.1825(r) of the Texas Property Tax Code, the Williamson Central Appraisal District gives public notice of the capitalization rate to be used for tax year 2023 to value properties receiving exemptions under this section. Basic capitalization rates ranging from 5.50% to 6.50% 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.