2023 Capitalization Rate
2023 Low and Moderate Income Housing Capitalization Rate
The Texas Property Tax Code requires all property to be appraised at one hundred percent (100%) of market value. According to the Texas Property Tax Code, the Chief Appraiser is required to use the income method to appraise property qualified as low-income housing under Section 11.1825. The appraiser must specifically 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. Circumstances for rent-restricted properties can vary greatly and these variations can significantly influence the valuation of this property type. The 2023 capitalization rate that will be utilized by Walker County Appraisal District is between 7.5% and 9.5%; although adjustments may be made based on individual property characteristics and the information provided to the District as required under Sections 11.182(d) and (g) of the Property Tax Code.
Huntsville, TX 77342
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