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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.

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