2007 Low Income Housing Capitalization Rate

Pursuant to Sec. 11.1825(r) of the Texas Property Code, the San Jacinto County Appraisal District gives public notice of the capitalization rate to be used for the tax year 2007 to value properties receiving exemptions under this section. A basic capitalization rate of 9.0% 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.