Lesson 14: Appraisal [Part 2]
SUBCHAPTER C. LAND DESIGNATED FOR AGRICULTURAL USESec. 23.41. APPRAISAL. (a) Land designated for agricultural use is appraised at its value based on the land’s capacity to produce agricultural products. The value of land based on its capacity to produce agricultural products is determined by capitalizing the average net income the land would have yielded under […]
Lesson 13: Appraisal [Part 1]
TAX CODETITLE 1. PROPERTY TAX CODESUBTITLE D. APPRAISAL AND ASSESSMENTCHAPTER 23. APPRAISAL METHODS AND PROCEDURESSUBCHAPTER A. APPRAISALS GENERALLYSec. 23.01. APPRAISALS GENERALLY. (a) Except as otherwise provided by this chapter, all taxable property is appraised at its market value as of January 1.(b) The market value of property shall be determined by the application of generally […]
Lesson 12: Ethics [Part 4]
Texas Occupations Code, Chapter 1152 requires that registrants read and submit to a code of ethics. This requirement is part of the Property Tax Consultants registration application. Rule 66.20 (f) reads as follows: (f) Individuals who are registered under Texas Occupations Code, Chapter 1152 shall certify that the registrant has read and submits to the […]
Lesson 11: Ethics [Part 3]
On the Job Training and Ethics Employers are required by law and by the company‘s own ethical code to provide employees with opportunities for on-the-job training in specific job-related ethical concerns. Some of these training opportunities are considered to be a part of employee professional development. A few examples of on-the-job ethical training: Training programs […]
Lesson 10: Ethics [Part 2]
How Ethical Decisions Are Made Ethical decisions are made by business leaders based on these considerations: How can employees feel fulfilled professionally? How can customers be satisfied? How can profit be assured for stakeholders or shareholders? How can the community be served? Many pressures affect business leaders. Ethical considerations are sometimes difficult for business leaders when they […]
Lesson 9: Ethics [Part 1]
Like finance and marketing, ethics has become an essential business function. But why? In this lesson, we shall explore the main reasons why business ethics is important for companies as well as budding business professionals. What Is Business Ethics? By definition, business ethics refers to the standards for morally right and wrong conduct in business. […]
Lesson 8: Texas Property Tax Code [Part 3]
TAX CODETITLE 1. PROPERTY TAX CODESUBTITLE F. REMEDIESCHAPTER 41. LOCAL REVIEWSUBCHAPTER A. REVIEW OF APPRAISAL RECORDS BY APPRAISAL REVIEW BOARDSec. 41.01. DUTIES OF APPRAISAL REVIEW BOARD. (a) The appraisal review board shall:(1) determine protests initiated by property owners;(2) determine challenges initiated by taxing units;(3) correct clerical errors in the appraisal records and the appraisal rolls;(4) […]
Lesson 7: Texas Property Tax Code [Part 2]
TAX CODE TITLE 1. PROPERTY TAX CODE SUBTITLE C. TAXABLE PROPERTY AND EXEMPTIONS CHAPTER 11. TAXABLE PROPERTY AND EXEMPTIONS SUBCHAPTER A. TAXABLE PROPERTY Sec. 11.01. REAL AND TANGIBLE PERSONAL PROPERTY. (a) All real and tangible personal property that this state has jurisdiction to tax is taxable unless exempt by law.(b) This state has jurisdiction to […]
Lesson 6: Texas Property Tax Code [Part 1]
TAX CODE TITLE 1. PROPERTY TAX CODE SUBTITLE C. TAXABLE PROPERTY AND EXEMPTIONS CHAPTER 11. TAXABLE PROPERTY AND EXEMPTIONS SUBCHAPTER A. TAXABLE PROPERTY Sec. 11.01. REAL AND TANGIBLE PERSONAL PROPERTY. (a) All real and tangible personal property that this state has jurisdiction to tax is taxable unless exempt by law.(b) This state has jurisdiction to […]
Lesson 5: Administrative Code [Part 2]
Registration–Endorsement (a) The department may waive any prerequisite to registration if the department determines that the applicant holds a license or registration issued by another jurisdiction that has requirements substantially equivalent to those of Texas. It is the responsibility of the applicant to furnish evidence substantiating the applicant’s qualifications.(b) The department will determine on the […]