The report is called a rendition. The rendition must be filed with the chief appraiser of the appraisal district in which the property is located. The rendition requirement also applies to property your business manages or controls as a fiduciary. The rendition requirement applies to all types of businesses, including sole proprietorships, partnerships, and corporations. The law requires the appraisal district to determine the market value of business personal property, even if the business owner fails to render it.
Rendition helps ensure an accurate appraisal.
Failure to render could cause additional assessments for property that may have been omitted from the appraisal roll. For this reason, it is extremely important that rendition be filed annually.