What is a Rendition for Business Personal Property?

What is a Rendition for Business Personal Property?

What is a Rendition for Business Personal Property?
A rendition is a form that provides the Appraisal District with taxable business property information.  The form must be filed by April 15th each year.  Included in the form is the business name and location, description of assets, cost and acquisition dates and opinion of value for business personal property. The appraisal district uses the information to help estimate the market value of your business property for annual property tax purposes.  Texas requires a business to pay property taxes to each taxing unit based on the market value of the inventory and assets it owns or uses in the production of income.