Which type of property is subject to the Texas Property Tax Code?

The Texas Property Tax Code encompasses all types of real and personal property, making it essential for understanding tax liabilities applicable to various property classifications. This comprehensive approach ensures that any property—whether it be residential, commercial, agricultural, or personal—is subject to assessment under the property tax system in Texas.

This inclusivity is important for ensuring that tax revenues are collected fairly and equitably across different sectors, reflecting the diverse nature of property ownership within the state. It also allows for the proper administration of tax exemptions and special provisions that may apply to certain types of properties, such as agricultural exemptions or homestead exemptions for residential properties.

Understanding that the Texas Property Tax Code covers all property types enables property owners and consultants to accurately navigate their tax obligations and opportunities for exemptions or reductions in tax assessed.