Willacy County Appraisal District
Pursuant to Section 11.1825 (r) of the Texas Property Code, the Willacy County Appraisal District gives Public Notice of the Capitalization Rate to be used for Tax Year 2020 to value properties receiving exemptions under this section. Rent restricted properties vary widely. The variations can have effect on the valuation of the property. A basic capitalization rate of 8.5-9.5% will be used to value these properties; although adjustments may be made based on the individual property characteristics and the information provided to the Chief Appraiser as required under Section 11.82 (d) and (g), Property Tax Code.