Capitalization Rate

San Patricio County Appraisal District 2023 Low Income

Apartment Capitalization Rate

“Pursuant to Section 11.1825 (r), of the Texas Property Tax Code, the San Patricio County Appraisal District gives public notice of the Capitalization Rates for low/moderate income housing for the 2023 tax year:

Class A-8%-9% 

Class B-8%-9.75%

Class C-9.75%-10.5%

The classes are based on the San Patricio County Appraisal District’s definitions.