Special Inventory (V.I.T.)
The Texas Property Tax Code Sec. 23.121 (Dealers Motor Vehicle Inventory) requires that a dealer’s inventory be appraised based on the total sales of vehicles in the prior year.
Dealers must file with the County Appraisal District a Dealer’s Inventory Declaration form listing the total value of the inventory sold in the prior year. Also, the dealer must file with the County Tax Assessor-Collector a monthly form called the Dealer’s Inventory Tax Statement listing the vehicles sold, and to prepay their property taxes for each vehicle.
WARNING – The Texas Property Tax Code Sec. 23.122 (Prepayment of taxes by certain tax payers) states that: a dealer who fails to file their monthly vehicle inventory report with the Tax Assessor-Collector’s Office may be subject to a $500.00 penalty and denial of all Title Transfer Transactions.
Office Hours 8:00 AM to 4:30 PM
Closed 12:00 PM to 1:00 PM
If you are any of the following, you must submit the corresponding Inventory Tax Statement to our Special Inventory Tax Division on a monthly basis (CD available upon request):
Motor Vehicle Dealer – Inventory Tax Statement
Heavy Equipment Dealer – Inventory Tax Statement
Vessel and Outboard Dealer- Inventory Tax Statement
Retail Manufactured Housing Dealer- Inventory Tax Statement
For copies of the special inventory manuals, please visit the Texas Comptroller website.
Download the Dealer’s Motor Vehicle Inventory Declaration Form 50-244.
*Note: If you are a new Dealer, please contact the Special Inventory Department upon notification of approval from the state to obtain more information on setting up your Inventory Tax Account to:
Phone: (956) 544-0800 ext. 294 or 295
Fax: (956) 547-7050
Submit your questions to:
All new Dealers must submit a working business phone number & email to our Main Office.