Low Income Housing Apartment Capitalization Rate

Pursuant to Sec. 11.1825(r) of the Texas Property Tax Code, the Titus County Appraisal District gives public notice of the capitalization rate to be used for tax year 2019 to value properties receiving exemptions under this section. Rent restricted properties vary widely. These variations can have an effect on the valuation of the property. A capitalization rate ranging from 9% – 12% 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 or provided to his or her appraisers as required under Sections 11.182 (d) and (g), of the Property Tax Code.