Roles of the Central Appraisal District (CAD) and Tax Assessor-Collector

The CAD determines the appraised value for tax purposes, while the Tax Assessor-Collector manages the collection process.

Overview

For those involved in real estate transactions in Texas, understanding the dynamics between the Central Appraisal District (CAD) and the Tax Assessor-Collector is crucial, especially when it comes to property tax assessments.

The CAD serves as the primary entity responsible for determining the appraised value of properties for tax purposes. Utilizing factors like market trends, recent sales, and property conditions, the CAD aims to establish a fair and uniform valuation. This assessed value becomes the basis for calculating property taxes. Property owners, real estate professionals, and prospective buyers often look to the CAD for insights into the market value of a property.

Once the CAD determines the property's appraised value, the Tax Assessor-Collector steps in to manage the collection of property taxes. This involves sending out tax bills, receiving payments, and distributing funds to various local entities. Property owners and stakeholders rely on the Tax Assessor-Collector to stay informed about their tax obligations and ensure compliance with local tax regulations.

Collaboration between property owners, real estate professionals, and these tax entities is essential. It is imperative to verify the accuracy of the CAD's appraised values and work closely with the Tax Assessor-Collector to confirm the property's current tax status. Staying informed about these processes not only ensures compliance with tax obligations but also contributes to a transparent and smooth real estate experience in Texas.

Property Tax Certificates

Consequently, the tax certificates issued by COCRS rely exclusively on certified and released tax information. Typically, the Central Appraisal Districts (CADs) start releasing the new assessed values in either August or September. These values are then forwarded to the Tax Assessor-Collectors to generate tax bills, which are typically issued in October or November. Property owners are then required to make their tax payments by the end of the following January.

To provide a clearer understanding, let's take a look at an example of the information included on COCRS tax certificates for a typical year, specifically using the calendar year 2023.

If you have any inquiries regarding the values and timing mentioned in this article, please feel free to contact our team at support@cocrs.com. We are more than happy to provide you with additional information or clarification on these matters.