Low Income Cap Rate
The Texas Property Tax Code requires all property to be appraised at one hundred percent (100%) market value. Also in the Code the Chief Appraiser is required to use the income method to appraise property qualified as low income housing under Section11.1825. Specifically the appraiser must consider the restrictions on who may rent the property and the amount of rent to be charged. As of January 31 of each year the District must give public notice of the cap rate to be used on all qualified low income housing properties. The 2020 capitalization rate for REAL CENTRAL APPRAISAL DISTRICT is between 8.5% and 9.5%.
Leakey, TX 78873
8:00 a.m. - 12:00 p.m.
1:00 p.m. - 5:00 p.m.
Our office has two bilingual employees to help serve our taxpayers needs. If you need additional assistance please ask for Chief Appraiser Juan Saucedo or School Tax Collector Maria Guerrero