Low Income Housing Cap Rate

Pursuant to Sec. 11.1825(r) of the Texas Property Tax Code, the Bosque Central Appraisal District gives public notice of the capitalization rate to be used for tax year 2024 to value properties receiving exemptions under this section.  Rent restricted properties vary widely.  These variations can affect on the valuation of the property.  A capitalization rate ranging from 7-10% will be used to value these properties depending on the age and condition of the apartment complex; 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.