The Celeste Courier (Celeste, Tex.), Vol. 80, No. 12, Ed. 1 Thursday, March 25, 1982 Page: 5 of 6
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Don't overpay your Property Taxes.
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WHITEWALL - TUBELESS
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The Celeste Courier
Your Weekly Hometown Newspaper
Each Issue is Full of Local News
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Concerning People You Know
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THE CELESTE COURIER
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A public service of this newspajXT and the
State
Property
Tax Board
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TAXPAYERS’
RIGHTS.
* s
Tires are priced mounted with new valve
stems - computer balance $3.00 extra
March Special Rotate &
Computer Balance 4
Tires $20.00.
The Texas property tax system provides
certain rights and remedies for property
owners. The law also offers tax relief
measures to qualified taxpayers. But they
do not go into effect automatically; you
must apply for them by May 1. To help
you understand your rights as a taxpayer,
the State Property Tax Board has prepared
a free pamphlet, Taxpayers’ Rights,
Remedies, Responsibilities!, available
from your new county appraisal district
or local tax office. The publication will
help you understand the types of exemp-
tions that are available and what you
must do to obtain them if you qualify.
Rendition
One way to assert your rights as a taxpayer
is to render your property. This means
filling out a rendition statement at the
appraisal district office, telling tax officials
what you believe the value of your property
should be. When you render, the appraisal
district or appraisal review board must
officially notify you if the value of your
property is increased over the amount you
rendered.
General Homestead Exemption
If you qualify for a residence homestead
exemption, you are entitled to a $5,000
exemption off the appraised value of your
home for school tax purposes, and a $3,000
exemption for the portion of county taxes
levied for farm-to-market roads or flood
control. Some jurisdictions may offer an
additional exemption of a percentage of the
value of your homestead.
Exemptions for the Elderly
If you are 65 or over, you are entitled to an
additional $10,000 exemption off the
appraised value of your residence home-
stead for school taxes. And, when you
apply and qualify for this exemption, the
school tax bill cannot increase on your
home, unless you make additions or
improvements to it.
Disabled
If you are disabled and qualify for the
residence homestead exemption, you are
ked a long time under
Social Security but had
low earnings in their
working years. The
amount of the special
minimum depends on
the number of years of
coverage. For a worker
retiring at 65 in 1982
with 30 or more years
of coverage the min-
imum would be
$321.40. The special
minimum benefit will
increase automatically
in future years as the
cost-of-living rises.
/J-4 7
entitled to an additional exemption ol
$10,000 off the appraised value of your
home for school taxes. Other taxing juris-
dictions may offer optional exemptions.
All jurisdictions offer an exemption for
certain disabled veterans on one designated
property.
Fanners and Ranchers
If you qualify, your agricultural or open-
space land may be taxed at its productivity
value instead of market value. Certain
farming implements and machines may
also qualify for exemption.
Tax exemptions and special valuations are
not effective automatically. Applications
should be made this year before May 1 to
your new county appraisal district, or to
local tax offices in appraisal districts
which have postponed implementation.
Check with the appraisal district or local
tax offices to find out where to apply for
tax relief.
While late applications for exemptions may
be accepted in some instances, the burden
and expense of proving a good reason for
filing late rests on the taxpayer. You can
avoid any inconvenience and fully protect
your rights and access to remedies as a
taxpayer by applying for exemptions and
rendering your property before May 1.
Ask for a free copy of Taxpayers’ Rights,
Remedies, Responsibilities! at your appraisal
district or local tax office. Or contact the
State Property Tax Board in Austin.
Vi
Pay,” must be sent to
the Social Security
Administration with
Form W-3, “Transmit- '
tai of Income and Tax
Statements.” The
forms arc due by Ma-
rch 1, 1982. For infor-
mation on how to
complete and mail the
forms, contact your
local Internal Revenue
Service office.
OUR BEST
IS
■
QUESTION: I re-
member reading last
year that a new way of
figuring Social Security
benefits is in effect.
How docs this new
method work?
ANSWER: The new
method of calculating
Social Security benefits
applies to workers who
reached 62, became
disabled, or died after
1978. Under this me-
thod, actual earnings
for past years are
adjusted to take ac-
count of changes in
average wages since
1951. These adjusted
earnings arc averaged
together. A formula is
applied to the average
to determine the bene-
fit amount. Under the
old method, benefits
were based on average
earnings over a period
of years using the
actual dollar value of
past earnings not ad-
justed for changes in
average wages.
QUESTION: In
1981, a person earned a
quarter of coverage
under Social Security
for each $310 of annual
earnings. Has this
amount been increased
for 1982?
ANSWER: Yes. In
1982, you earn one
quarter of coverage for
each $340 of your
covered annual earn-
ings. No more than 4
quarters can be earned
for any year, however,
regardless of your total
earnings.
QUESTION: I have
worked under Social
Security all my life, but
I’ve always had low
wages. Isn’t there
some kind of special
retirement benefit for
people like me?
ANSWER: There is
a special minimum re-
tire me nt benefit for
people who worked
under Social Security at
least 20 years, this
helps people who wor-
QUESTION: I star-
ted my own business
last year. 1 know I have
to file W-2 forms for my
employees, but where
do I send them and
when are they due?
ANSWER: Forms
W-2, “Wage and Tax
Statement,” and W-
2P, “Statement for Re-
cipients for Annuities,
Pensions, or Retired
if*
THE CELESTE COURIER, THURSDAY, MARCH 25,1982
Social Security Questions & Answers
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The Celeste Courier (Celeste, Tex.), Vol. 80, No. 12, Ed. 1 Thursday, March 25, 1982, newspaper, March 25, 1982; Celeste, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1217983/m1/5/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Leonard Public Library.