What is the rendition penalty?
Chapter 22, Texas Tax Code, requires owners of business personal property to file a rendition describing the property with the chief appraiser by April 15 of each year and also prescribes the penalty for failure to comply. The rendition penalty is a penalty created by the Texas Legislature on those businesses failing to file their business personal property rendition, or filing their rendition late, to the Harris County Appraisal District (HCAD). The rendition penalty is generally equal to 10% of the amount of property taxes ultimately imposed on the property. Q.
