Orange County, Texas
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Vehicle Inventory Tax Forms
There are two forms that dealers must file with their local Appraisal District and the Orange County Tax Office.
The form should include:
- breakdown of sales for prior year (January - December);
- breakdown of sales amounts for prior year (January - December); and
- other general information about the business - mailing address, name, and business location.
A dealer who does not file a declaration form by February 1 or each year commits a misdemeanor punishable by a fine up to $500 per day until filed. Each day the dealer fails to file is a separate offencse. In addition, a tax lien can be attached to the dealer's business personal property to secure payment of the penalty. There is also an additional penalty of $1,000 for each month or portion of the month in which the declaration form is not filed after it is due.
file 12 statements per year;
file each month by the 10th of the following month. For example, file January inventory tax statement by February 10th.
file with the county tax office, including prepayment of taxes. Send a copy of the form to the county appraisal district. If you do not sell a motor vehicle during the month, you must file a tax statement indicating no sales; and
if a new dealer, file each month, but do not send prepayment of taxes.
The unit property tax value factor is calculated by taking the county aggregate tax rate and dividing it by 12, and again by 100 to obtain the monthly tax value rate.
Example of How Calculated:
Vehicle Sales Price is $25,000
County aggreate tax rate for:
1.97208 / 12 / 100 = 0.0016434 (unit property tax value factor)
$41.08 is the unit propert tax value or vehicle inventory tax due on this vehicle.
A delear who does not file the monthly tax statement by the 10th day of the following month commits a misdemeanor punishable by a fine up to $100 per day until filed. Failure to remit the monthly statement and payment or filing late, after the 10th of the following month, incurs a penalty of five percent. If the amount is not paid within 10 days after the due date, the penalty increases for an additional penalty of five percent of the amount due. Each day that the dealer fails to file is a separate offense. A tax lien can be attached to the dealer's business personal property to secure payment of the $100 per day until filed. Also, an additional fine of $500 is issued for each month or part of a month in which the tax statement form is not filed after it is due.