WEFOUNDThe Retailer's Manual: Embodying The Conclusions Of Thirty Years' Experience In Merchandizing...


Texas law provides for the special appraisal of dealers' inventory including heavy equipment, motor vehicles, vessels and outboard motors and manufactured housing retailers. Special inventory appraisal is generally based on sales. Dealers and retailers must file inventory declaration forms with the county appraisal district each year listing the total sales, leases or rentals, as applicable, in the preceding year and an inventory tax statement with the tax office each month.

Tax Code Section 23.1241 provides for the appraisal of dealers' heavy equipment inventory for the purpose of property tax computation based on the sales, leases and rentals of heavy equipment in the prior year.

The market value of a dealer's heavy equipment inventory on Jan. 1 is the total annual sales (less sales to dealers, fleet transactions and subsequent sales) for the 12-month period corresponding to the preceding tax year, divided by 12. For an item of heavy equipment that is sold during the preceding tax year after being leased or rented for a portion of that same tax year, the sales price is the sum of the sales price plus the total lease and rental payments received for the item in the preceding tax year.

Texas law provides for the special appraisal of dealers' inventory including heavy equipment, motor vehicles, vessels and outboard motors and manufactured housing retailers. Special inventory appraisal is generally based on sales. Dealers and retailers must file inventory declaration forms with the county appraisal district each year listing the total sales, leases or rentals, as applicable, in the preceding year and an inventory tax statement with the tax office each month.

Tax Code Section 23.1241 provides for the appraisal of dealers' heavy equipment inventory for the purpose of property tax computation based on the sales, leases and rentals of heavy equipment in the prior year.

The market value of a dealer's heavy equipment inventory on Jan. 1 is the total annual sales (less sales to dealers, fleet transactions and subsequent sales) for the 12-month period corresponding to the preceding tax year, divided by 12. For an item of heavy equipment that is sold during the preceding tax year after being leased or rented for a portion of that same tax year, the sales price is the sum of the sales price plus the total lease and rental payments received for the item in the preceding tax year.

Honeywell is dedicated to making your experience with us as easy as possible.  Find out how to contact us for service or sales assistance.


51y1HwDoApL