The Texas Property Tax Code requires all property to be appraised at one hundred percent of market
value. Also in the Code the Chief Appraiser is required to use the income method to appraise property
qualified as low income housing under Section 11.1825. Specifically the appraiser must consider
restrictions on who may rent the property and the amount of rent to be charged. As of January 31 of
each year the District must give public notice of the cap rate to be used on all qualified low income
housing properties. The 2017 capitalization rate for BURLESON COUNTY APPRAISAL DISTRICT is
between 9.0% and 11%.