Use this procedure to code properties with the EX366 exemption as described in Section 11.145/11.146 of the Texas Property Tax Code.
When you run this process, PACS identifies all business personal property and mineral accounts and exempts those that have a TAXABLE value of $500 or less in value per owner per entity. This process was changed in 2016 to use Taxable Value instead of MARKET Value and if a property has a Taxable Value for that owner for that entity, it will be coded with EX366.
The personal and mineral properties that meet the criteria under Section 11.145/11.46 of the Texas Property Tax Code are coded as exempt with the exemption code EX366.
Next Steps: Reviewing Properties Coded with EX366
Currently, PACS does not have a report that lists properties coded with
EX366, but your CAD can run the Exemption Listing By Year By Type By Entity Code monitor to generate such a list. The monitor has three variables that you provide: the year, the type of exemption, and the entity code. If this monitor is not on your system, please contact Harris Govern Support to have it added.