50-244 Dealer's Motor Vehicle Inventory Declaration - window state tx 2026

The document is a confidential form (Form 50-244) for the Dealer's Motor Vehicle Inventory Declaration, required by the Texas Comptroller of Public Accounts. It outlines the steps for property owners to declare their motor vehicle inventory for property tax purposes, including providing business information, sales breakdowns, and market value calculations. The form must be filed annually by February 1 or within 30 days of starting a business, with penalties for late submission. It also includes instructions on filing locations and compliance requirements.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the Name and Mailing Address of the Property Owner, along with the contact information of the person preparing the application. Ensure all details are accurate for proper identification.
Provide Required Information about your Business. List each business name at one location and their corresponding addresses. If necessary, attach additional pages for more businesses.
Fill in your Appraisal District Account Number if known, or attach relevant tax documents. Also, indicate the Starting Date of Business if applicable.
Complete the Ownership Statement by confirming that you are the owner of a dealer’s motor vehicle inventory.
Detail your Breakdown of Sales and Sales Amounts for the previous year, including Net Motor Vehicle Inventory, Fleet Sales, Dealer Sales, and Subsequent Sales.
Calculate and enter the Market Value of your Motor Vehicle Inventory based on prior sales data divided by 12.
Finally, read through all information provided, sign and date the declaration to confirm its accuracy before submission.

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What is inventory tax?

Inventory and Taxes In general, items that cannot be sold or have become worthless can be taken out of the inventory come tax time. By doing this, the loss is reflected as a higher cost of goods sold on the tax return. Essentially, you have the cost of the item, but not the revenue for the sale.

How much is vehicle inventory tax in Texas?

A sales tax, currently 6.25 percent, is levied on motor vehicle sales in the state of Texas. For sales tax purposes, the taxable total consideration of a motor vehicle is the sale price of the vehicle, less any trade-in allowance for a motor vehicle.

What is the dealer inventory tax rate in Texas?

Texas levies an inventory tax of . 02% on the retail value of all products in a companys inventory each year, but lots of car dealerships try to sneak the fee over to the consumer. Even worse, they do it year-round. A reader writes in to explain how you can argue your way out of it at the dealership.