2018 Cap Rate


2018 Low and Moderate Income Housing Capitalization Rate

The Texas Property Tax Code requires all property to be appraised at one hundred percent (100%)
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 Section11.1825. Specifically the appraiser must
consider the 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 2018 capitalization rate for Pecos County Appraisal District is between 8.5% and 10.0%.