Does Texas collect an estate or inheritance tax?
No. Texas has no state estate tax and no inheritance tax, so the only death-tax exposure for a Texas estate is the federal estate tax, which applies once the gross estate exceeds the federal basic exclusion amount. Date-of-death appraisals still matter below that line: the probate inventory requires them, and they set the cost basis heirs use when they later sell.
When will the Texas DMV accept an appraisal for a bonded title?
When its standard valuation source does not return a value for the vehicle, which is common for older, rebuilt, custom, and specialty vehicles and for trailers. The DMV sets the bond amount from the vehicle's value, so the appraisal fixes the figure the surety bond is written against. It is a title procedure rather than a general appraisal requirement.
Can I use an independent appraisal to protest a Texas business personal property value?
Yes. A property owner may protest the appraisal district's value before the appraisal review board and present evidence of market value at the hearing, and an appraisal that documents the equipment's condition, age, and comparable sales is that evidence. The board decides what weight to give it. Filing the rendition on time, and answering any Section 22.07 request within 21 days, keeps the protest about the value rather than about penalties.