Description

Developer's Inventory Valuation

A builder's or developer’s discount in Texas refers to a property tax reduction for builders and developers on unsold homes or lots in their inventory. This discount lowers the tax burden by valuing the properties as inventory while the properties remain unsold and unoccupied. It helps reduce carrying costs and supports builders by easing financial pressure until the property is sold. The discount's specifics can vary by local jurisdiction, often requiring builders to meet certain conditions or apply for eligibility. 

Come learn how Parker CAD handles these properties. 

Presented by:  Jerad Gabbert, Director of Operations with Parker County Appraiser District

Topics of Discussion:

• Who needs to apply
• How to apply
• When to apply
• Qualifications 
• Forms used for applying