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    2008 COMMUNITY HOUSING DEVELOPMENT ORGANIZATION PROPERTY CAPITALIZATION RATE
    Pursuant to Sec. 11.1825(r) of the Texas Property Tax Code, The Montgomery County Appraisal District gives public notice of the capitalization rate to be used for the 2008 Tax Year to value properties receiving exemptions under this section. Rent restricted properties vary widely. These variations can have an effect on the valuation of the property. A basic capitalization rate of 9.0% will be used to value these properties; although adjustments may be made on the individual property characteristics and the information provided to the chief appraiser as required under Sections 11.182(d) and (g) of the Property Tax Code.

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    2008 NOTICES OF APPRAISED VALUE
    2008 NOTICES OF APPRAISED VALUE WERE MAILED ON APRIL 15, 2008. THE DEADLINE FOR PROTESTING IS JUNE 2, 2008. ADDITIONAL NOTICES OF APPRAISED VALUE WILL BE MAILED THROUGH JUNE 2008, THE DEADLINE FOR PROTEST OF THOSE NOTICES WILL BE STATED ON THE NOTICE.

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