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HomeMy WebLinkAboutIR 7540 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7540 '."OTIA'o July 30, 1991 (9 V i To the Mayor and Members of the City Council X Subject: PROPERTY TAX EXEMPTIONS Internal Audit has completed a review of property tax exemptions which indicates that as many as 1,000 residences may not be qualified for the homestead and/or over-65 exemptions which are currently on the tax rolls. Based on the value of these residences, Fort Worth could recover as much as $195,000 this year (and each succeeding year) by removing the unqualified exemptions from the tax rolls. The Tarrant Appraisal District (TAD) is responsible for valuing property and monitoring exemptions for land in Tarrant County. Fort Worth currently allows a homestead exemption of 20% of the property value with an additional $40,000 exemption for residents who are over 65 years of age. The property must be eligible for the homestead in order to be eligible for the over-65 exemption. TAD has an efficient system to verify the validity of homestead exemptions annually. However, by using resources which are not available to TAD, Internal Audit was able to identify addresses which appear to have exemptions for which they are not qualified (these represent approximately 3% of the total exempted property value). Using a statistical sample of the addresses, Internal Audit physically visited the locations and determined that, in most cases, different persons resided at the locations than were listed as the property owners on TAD's records. In the sample, Internal Audit found locations that had no houses on the property, and houses that were rented or vacant. The review also identified instances where one person had as many as three homestead exemptions in Fort Worth. Texas State law allows the City to go back as much as ten years to recover underpayments of tax where exemptions were in place which shouldn't have been. Internal Audit is currently aging all identified accounts to determine the total amount of back taxes which would be due if the City Council decides to try to recover all back taxes due. Preliminary projections indicate that this amount will be significant. The City has two alternatives for dealing with the exemptions for the upcoming tax year. One alternative is to have TAD research each location and reach a conclusion (probably by about January 1992) as to whether the exemption is qualified. Property owners of those locations for which the exemptions were disallowed would then be sent revised tax bills after the exemptions were removed. The second alternative would be to have TAD mail a letter similar to the one attached and to ask TAD to remove the exemptions if a reply is not received by the date specified in the letter. If this could be done before October, the City could avoid the expense of preparing and mailing revised tax bills. David Ivory City Manager ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS DATE ADDRESSEE RE: PROPERTY LOCATION Tan-ant Appraisal District has reason to believe that the homestead exemption allowed on the subject property is no longer valid. Ordinarily, a property tax exemption need not be filed again once it is allowed. However, our records indicate that no longer lives at this address. In accordance with Texas State Property Tax Code 11.43 (c) and (h), the Chief Appraiser will remove the exemption(s) on this property by August 30, 1991 if this office has not received a properly completed Exemption form (enclosed). According to the Tax Code, an exemption no longer qualifies when the owner stops occupying the property and establishes a different principal residence. If your primary residence was the subject property above as of January 1, 1991, please complete and return the enclosed Exemption from by August 30, 1991. Please be aware that for all exemptions which do not require annual application, such as the homestead, the applicant has a duty to notify the chief appraiser when his entitlement to the exemption ends. Also, please know that any person who presents any record or document with knowledge of its falsity commits an offense under Texas State Penal Code Section 37.10. This offense is a Class A misdemeanor unless the actor's intent is to defraud, in which event the offense is a felony of the third degree. Thank you for your cooperation.