Low Income Housing Cap Rate

2023 Low Income Housing Apartment Capitalization Rates

The Texas Property Tax Code requires the property to be appraised at 100% market value. In keeping with that requirement, the capitalization rate that will be used to derive an estimate of market value for low and moderate-income housing qualifying for exemption under Section 11.1825 of the tax code will be between 7% and 10.5% for the current year.