Free Railroad Rendition of Taxable Property - Texas

50-156 (Rev. 9-07/5)

CONFIDENTIAL

RAILROAD RENDITION OF TAXABLE PROPERTY
This rendition covers property you own or manage and control as a fiduciary on January 1 of this year. You must file this rendition with the county appraisal district after January 1 and not later than April 15 of this year. On written request, the chief appraiser must extend the deadline to May 15. You may receive an additional 15-day extension if you request it in writing and show good cause for the extension. If the chief appraiser denies an exemption or an exemption applicable to a property on January 1 terminates during the tax year, you must file a rendition form within 30 days after the termination date. If you provide information substantially equivalent to a rendition to a company contracted with the appraisal district to appraise property, you are not required to file this rendition form. If your property is regulated by the Texas Public Utility Commission, Railroad Commission, the federal Surface Transportation Board, or Federal Energy Regulatory Commission, you are not required to file this rendition. The chief appraiser may request a copy of the annual regulatory report. If you have previously filed a rendition form and it remains an accurate rendition of your property for this year, you may check the box below and sign this form. When required by the Tax Code or by the chief appraiser, the person rendering property shall use the model form adopted by the Comptroller of Public Accounts, or use a form containing information that is in substantial compliance with the model form if approved by the comptroller. The chief appraiser may request, either in writing or by electronic means, that you provide a statement containing supporting information indicating how the value rendered was determined. The statement must: 1. summarize information sufficient to identify the property including the physical and economic characteristics relevant to the opinion of value, if appropriate, and the source of the information used; 2. state the effective date of the opinion of value; and 3. explain the basis of the value rendered. If your business has 50 or less employees, you may base the value estimate on the depreciation schedules used for federal income tax purposes. You must deliver the statement within 21 days of the request.
Appraisal district name Property identification number Tax year

Property owner's name Present mailing address City, town or post office, state, ZIP code Property address City, town or post office, state, ZIP code Type of ownership Individual Authorized agent's name Present mailing address City, town or post office, state, ZIP code Phone (area code and number) Partnership Corporation Trust Other (describe) Phone (area code and number)

By checking this box, I affirm that the information contained in my most recent rendition statement filed for a prior tax year (this rendition was filed for the ____ tax year), continues to be complete and accurate for the current tax year.
This inventory of taxable property is rendered in accordance with Section 22.05, Tax Code, which sets out these requirements: (1) List all real property other than the property covered by Subdivision (2) of this subsection; (2) List the number of miles of railroad together with the market value per mile, which value shall include right-of-way, roadbed, superstructure, and all buildings and improvements used in the operation of the railroad; and (3) List all personal property as required by Section 22.01, Tax Code.

Check the total market value of your property Under $20,000 Over $20,000. If you checked "Under $20,000," you may complete Business Personal Property Rendition of Taxable Property Form 50-144 with Schedule A or this form, whichever you choose.

Taxing Unit Codes Name of Railroad _____________________________________ County Appraisal District _______________________________
Attach additional sheets if necessary

Taxing Unit

Code

50-156-2 (Rev. 9-07/5)

Are you the property owner, an employee of the property owner, or an employee of a property owner on behalf of an affiliated entity of the property owner? Yes No
This form must be signed and dated. By signing this document, you attest that the information contained on it is true and correct to the best of your knowledge and belief. If you checked "Yes" above, sign and date on the first signature line below. No notarization is required.
Signature

If you checked "No" above, you must complete the following:
Signature

__________________________________________________________________ Date _________________

I swear that the information provided on this form is true and correct to the best of my knowledge and belief.

__________________________________________________________________ Date _________________

Subscribed and sworn before me this ____________day of ____________________________, 20______.
__________________________________________________________

Notary Public, State of Texas

Section 22.06 of the Tax Code states: (a) (b) Each rendition statement or property report required or authorized by this chapter must be signed by an individual who is required to file the statement or report. When a corporation is required to file a statement or report, an officer of the corporation or an employee or agent who has been designated in writing by the board of directors or by an authorized officer to sign in behalf of the corporation must sign the statement or report.

If you make a false statement on this form, you could be found guilty of a Class A misdemeanor or a state jail felony under Section 37.10, Penal Code. If you fail to timely file a rendition or property report required by Texas law, the chief appraiser must impose a penalty in an amount equal to 10 percent of the total taxes due on the property for the current year. If the court determines that you filed a false rendition or report with the intent to commit fraud or to evade the tax or you alter, destroy, or conceal any record, document, or thing or present to the chief appraiser any altered or fraudulent record, document, or thing, or otherwise engage in fraudulent conduct for the purpose of affecting the outcome of an inspection, investigation determination, or other proceeding before the appraisal district, the chief appraiser must impose an additional penalty equal to 50 percent of the total taxes due on the property for the current year.

50-156-3 (Rev. 9-07/5)

INVENTORY SHEET

Name of Railroad: _______________________________________________________________________________________
Name of taxing unit Code

Item (1) Property (See Sheet "A") Total Market Value in Unit (Optional)* ________________________________________________ Item (2) Property Railroad Corridor Includes right-of-way listed on Sheet "B" Main line ________________________ Branch line ______________________ Side track _______________________ Miles @ $ ______________________ Miles @ $ ______________________ Miles @ $ ______________________ Market Value Estimate (Required by Law) Per mile $ ______________________________ Per mile $ ______________________________ Per mile $ ______________________________

Total corridor value $ ______________________________ Signals & Communications Signals _________________________ Signals ________________________ Communication __________________ Miles @ $ ______________________ Miles @ $ ______________________ Miles @ $ ______________________ Per mile $ ______________________________ Per mile $ ______________________________ Per mile $ ______________________________

Total Signals & Communications $ ______________________________ Buildings: ______________________________________ ______________________________________ ______________________________________ ______________________________________ _______________________________________ _______________________________________ _______________________________________ _______________________________________ Total Buildings $ _________________________ Grand Total Market Value Item (2) in Unit $ _________________________ Item (3) Property: (See Sheet "C") ______________________________________ ______________________________________ ______________________________________ ______________________________________ _______________________________________ _______________________________________ _______________________________________ _______________________________________

Total Estimated Market Value Item (3) in Unit (Optional)* $ _________________________ Grand Total Market Value Estimate in Taxing Unit (Optional)* $ _________________________ _________________________ *NOTE: Although rendering a value is not required, such action entitles the property owner to be notified if an appraised value greater than the rendered value is to be submitted to the appraisal review board. Property owners may protest appraised values before the appraisal review board. (Section 25.19, Tax Code)

50-156-4 (Rev. 9-07/5)

Item 1: Real Estate

__________________________________________________________
(Name of Railroad)

Sheet A ____________________________

The following described lands, town lots, etc., in ______________________________________ Appraisal District are outside the Railroad Corridor. These lots or lands should be placed on the real property appraisal rolls. NOTE: See Code List for Taxing Unit and Code Number. Abst. No. Code for Each Taxing Unit Survey and/or Lot, Block, Addition Number Acres Estimated Market Value (Optional)*

Sect.

Block

*NOTE: Although rendering a value is not required, such action entitles the property owner to be notified if an appraised value greater than the rendered value is to be submitted to the appraisal review board. Property owners may protest appraised values before the appraisal review board. (Section 25.19, Tax Code)

50-156-5 (Rev. 9-07/5)

Item 2: Railroad Corridor

_______________________________________________________
(Name of Railroad) Sheet B ____________________________

The following described lands and lots, in ______________________________________ Appraisal District are right-of-way and station grounds (Railroad Corridor), and are included in and valued with Item 2. Assessors will not assess the same as lands or lots on their rolls, but they should be credited to the different grants on the Assessor's Abstracts to prevent their appearance on the unrendered rolls. NOTE: See Code List for Taxing Unit and Code Number.

Abst. No.

Sect.

Block

Code for Each Taxing Unit Survey and/or Lot, Block, Addition

Number Acres

Estimated Market Value (Optional)*

*NOTE: Although rendering a value is not required, such action entitles the property owner to be notified if an appraised value greater than the rendered value is to be submitted to the appraisal review board. Property owners may protest appraised values before the appraisal review board. (Section 25.19, Tax Code)

50-156-6 (Rev. 9-07/5)

Item 3: Personal Property

_______________________________________________________
(Name of Railroad)

Sheet C ____________________________

All Personal Property of whatsoever kind, except Items included in Item 2. NOTE: See Code List for Taxing Unit and Code Number.

Description

Code

Estimated Market Value (Optional)*

Total Market Value Estimate (Optional): $ ______________________________ *NOTE: Although rendering a value is not required, such action entitles the property owner to be notified if an appraised value greater than the rendered value is to be submitted to the appraisal review board. Property owners may protest appraised values before the appraisal review board. (Section 25.19, Tax Code)