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Vehicle Inventory Tax (VIT)

The Senate Bill 878, effective January 1, 1994, was enacted by the 73rd Texas Legislature changing how a county appraisal district (CAD) appraises motor vehicle inventory, heavy equipment inventory, vessels, and manufactured houses for property tax purposes and how dealers are responsible for paying their property taxes on this inventory.

VIT is applicable to the following dealers:
Motor Vehicle: Sales/Leases on inventory of motor vehicles, semi trucks, motorcycles, recreational vehicles (RVs), and travel trailers held by a dealer who holds a General Distinguishing Number (GDN) issued by the Texas Department of Motor Vehicles.

MV Monthly Statement Form 50-246  v MV Annual Declaration Form 50-244 

Vessels & Outboard Motor: Sales on inventory of vessels and outboard motors held by a dealer who holds a Dealer’s and Manufacturer Number issued by the Texas Parks & Wildlife  Department.

VESSEL Monthly Statement Form 50-260  v VESSEL Annual Declaration Form 50-259 

Heavy Equipment: Sales/Leases on inventory of heavy equipment designated as a Heavy Equipment Dealer by the Williamson Central Appraisal District.

HE Monthly Statement Form 50-266 v HE Annual Declaration Form 50-265 

Manufactured House (Mobile Homes): Sales on inventory of manufacturing housing (mobile homes) in which the dealer holds a license and is registered with the Texas Department of Housing and Community Affairs.

  MH Monthly Statement Form 50-268 v MH Annual Declaration Form 50-267 

VIT Frequently Asked Questions

Preferred method of delivery is email: VIT@wilco.org

Mail (Paper Forms & Envelopes can be mailed upon dealer request):

Williamson County Tax Office
Attn: VIT
904 S Main Street
Georgetown, Texas 78626
Williamson Central Appraisal District
Attn: VIT
625 FM 1460
Georgetown, Texas 78626

Other Forms:

New Dealer or Tax Rate Request v ACH Request Form v Dealer Closure/Move Request

To OPT OUT of Monthly Reporting you must meet the requirement of the:

Dealer Election Form 50-815 (MUST file annually on or before August 31st to both offices)

Click link to submit via Email: VIT@wilco.org / Questions or Concerns, please call VIT Specialist @ 512-943-3727

PENALTIES

Williamson County Tax Assessor/Collector’s Office will use the following guidelines to enforce VIT compliance as stated in Texas Property Tax Code:

LATE PAYMENT: Section 23.122 (o) An owner who fails to remit unit property taxes due as required by this section shall pay a penalty of 5% of the amount due. If the amount is not paid within 10 days after the due date, the owner shall pay an additional penalty of 5% of the amount due.

LATE STATEMENT: Section 23.122 (n) In addition to other penalties provided by law, a dealer who fails to file or fails to timely file a statement as required by this section shall forfeit a penalty. A tax lien attaches to the dealer’s business personal property to secure payment of the penalty. A penalty forfeited under this subsection is $500 for each month or part of a month in which a statement is not filed or timely filed after it is due.