Start Content

Inventory Taxes

For property tax purposes, Texas law requires that a motor vehicle dealer's inventory is appraised based on the total sales of motor vehicles in the prior year.
 
Dealers must file with the county appraisal district a Dealer's Motor Vehicle Inventory Declaration form listing the total value of the inventory sold in the prior year. Also, the dealer must file with the county tax office a monthly form - Dealer's Motor Vehicle Inventory Tax Statement - listing the motor vehicles sold, and prepay their property taxes for each vehicle.  In Walker County however, these taxes are collected by the Walker County Appraisal District.
 
Here is more information about the Vehicle Inventory Tax available from the website of the Texas Comptroller of Public Accounts.