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Consumer Alerts

2025 MULTIFAMILY LOW INCOME HOUSING PROPERTY CAPITALIZATION RATE

Pursuant to Sec. 11.1825(r) of the Texas Property Tax Code, the Harris Central Appraisal District gives public notice of the capitalization rate to be used for the current tax year to value properties receiving exemptions under this section. Rent restricted properties vary widely. These variations can have an effect on the valuation of the property. The following capitalization rates will be used to value these low-income housing Subsidized (Type 4221) and Tax Credit (Type 4222) apartment properties in Harris County, Texas; although adjustments may be made based on the individual property characteristics and the information provided to the Chief Appraiser as required under Sections 11.182 (d) and (g), Property Tax Code. Subsidized apartments are not registered as Tax Credit but are multifamily low income housing with a Land Use Restriction Agreement (LURA).

Class Subsidized Rate Tax Credit Rate
A 7.50% 7.50%
B 8.00% 8.00%
C 8.50% 8.50%
D 9.00% 9.00%

The Effective Tax Rate is added to the Capitalization Rate to convert net operating income to property value.

 

See all Consumer Alerts

 

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Harris Central Appraisal District
13013 Northwest Freeway
Houston, Texas 77040-6305

Office Hours
Hours: 8:00 AM - 5:00 PM
Monday - Friday
Saturday Hearings: Jun, Jul

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Telephone Information Center
(713) 957-7800
Hours: 8:00 AM - 5:00 PM
Monday - Friday

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  • Home
  • Property Search
    • Property Search
    • Classic Search
      • Quick Search
      • REAL PROPERTY
      • REAL PROPERTY ADVANCED
      • Business Personal & Mineral
      • Personal Advanced
    • How to Search
  • About
    • Latest Updates
    • Calendar
    • News
    • Board of Directors
    • Chief Appraiser
    • Taxpayer Liaison Officer
    • Financials
    • Procurement
  • Contact Us
  • Careers
  • Online Services
    • iFile Protest
    • iFile Rendition
    • Mobile App
    • Homestead
    • Owners
    • Agents
    • Public Data
    • Property Tax Database
    • Protest Hearings Database
    • Electronic Notices
    • Exemption Assistance
    • Electronic Communications
    • Social Media
  • Forms
    • All Forms
    • Popular Forms
    • Form Instructions
  • Maps
    • Facet Maps
    • Interactive Maps New
    • Interactive Maps Classic
    • Field Operations Map
  • Appraisal
    • Residential Property
    • Commercial Property
    • Industrial & Personal Property
    • Agricultural Property
    • Reports
    • Appraisal Codes
    • Jurisdictions
    • Reappraisal
    • Circuit Breaker Cap
  • Help
    • Videos
    • Protests and Corrections
    • Frequently Asked Questions
    • En Espa�ol
    • Understanding the Property Tax Process
    • Open Records Request
    • Consumer Alerts
    • Public Access Policies
    • Laws & Rules
    • Properties Split by County Line
    • Disclaimer