Notice of Capitalization Rates

for Low-Income Housing Tax Credit/CHODO apartment projects

As required by Texas House Bill 3546


Texas Tax Code Sec 11.1825(r): 
Not later than January 31 of each year, the appraisal district shall give public notice 
in the manner determined by the district, including posting on the district's website 
if applicable, of the capitalization rate to be used in that year to appraise property 
receiving an exemption under this section.


Overall Capitalization Rates for Nueces County, Texas

Classes based on the Nueces County Appraisal District's definitions

Class 2023 Rate
CHODO 8.50% — 10.0%
Low-Income C 8.50% — 9.50%
Low-Income D 9.50%  — 10.5%