Texas Illustration

Texas Business Personal Property Tax Filing Deadline

Texas does not impose a state income tax. However, it assesses a sales and use tax and an annual local personal property tax on aircraft that is used for business.  Tax rate varies based on the county where the aircraft is hangared, and the tax rate can exceed 3% of assessed value annually.  Aircraft strictly used for personal use is exempt from property tax.

Texas offers a reduction of assessed value based on the previous year’s flight activities – the percentage of non-Texas landings is applied as a reduction.  For example, if half of the total landings in 2019 were outside Texas, the assessed value for the aircraft is reduced by 50%.

A timely filed rendition with the county assessor office is required to claim this reduction.  The extended due date for this year’s rendition is May 15, 2020

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