Effective on January 1st, 1994, in the 73rd Texas Legislature, Senate Bill 878 was enacted which changed how a county appraisal district appraised motor vehicle inventory for property tax purposes and how dealers paid their property taxes on this inventory.
Texas law requires that a dealer’s inventory is appraised on the total sales of vehicles in the prior year and that dealers must file a Dealer’s Inventory Declaration listing the total value of the inventory sold in the prior year. Also, the dealer must file a monthly Dealer’s Inventory Tax Statement listing the inventory sold each month and to prepay the property tax for each vehicle.
You may find the corresponding statutes in Chapter 23 of the Texas Property Tax Code with regards to Special Inventory.
- Motor Vehicles
- Sec 23.121
- Sec 23.122
- Vessel and Outboard
- Sec 23.124
- Sec 23.125
- Manufactured Housing
- Sec 23.127
- Sec 23.128
- Heavy Equipment
- Sec 23.1241
- Sec 23.1242
Active retail dealers must file the Monthly Inventory Tax Statements with both the Travis County Tax Office and the Travis Central Appraisal District.
Travis County Tax Collector and Assessor
P.O. Box 149328
Austin, TX 78714-9328
Prepayment of taxes are submitted to the Travis County Tax Office.
Make checks payable to: Bruce Elfant.
Any statements or payments filed after the due date are subject to late filing penalties and late payment fees.
Hours of operation:
Monday – Friday - 7:30 am to 4:30 pm
Special Inventory is by appointment ONLY. Please navigate to the main page to “Make an Appointment”