Form 50-267, the Retail Manufactured Housing Inventory Declaration, is the form a retailer of manufactured housing files to declare its retail inventory under Tax Code Section 23.127. It is one of the Parker County property tax forms for businesses: the retailer reports the prior year's sales, and the form works out the inventory's market value for the current tax year. On FillingPDF you can fill out the form online and download or print the completed PDF; the original goes to the appraisal district and a copy to the tax assessor-collector, as described below.
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What is 50-267?
Form 50-267, Retail Manufactured Housing Inventory Declaration, is the property tax form on which a retailer of manufactured housing declares its retail inventory under Tax Code Section 23.127, reporting the previous 12 months of sales.
The form was developed by the Texas Comptroller of Public Accounts, Property Tax Assistance Division, and is marked CONFIDENTIAL. Retail manufactured housing inventory means all units of manufactured housing held for sale at retail that are defined as inventory in Occupations Code Section 1201.201.
Section 4 breaks the prior year's sales into units and dollar amounts in three columns: Net Retail Manufactured Housing Inventory, Retailer Sales and Subsequent Sales. The form defines them this way:
- Net Retail Manufactured Housing Inventory: retail manufactured housing inventory less retailer sales and subsequent sales.
- Retailer Sales: sales of manufactured housing to another retailer.
- Subsequent Sales: retailer-financed sales that, at the time of sale, have retailer financing from your inventory in the same calendar year. The first sale of a retailer-financed unit is reported as an inventory sale; a later sale of the same unit that year is a subsequent sale.
Section 5 then divides the net sales amount by 12 to give the inventory's market value for the current tax year. If you were not in business on Jan. 1 of the preceding year, the chief appraiser estimates the market value instead.
The declaration goes to the appraisal district and the county tax assessor-collector, not to the Texas Comptroller of Public Accounts.
Who needs to file 50-267?
Retailers of retail manufactured housing inventory must file this declaration; Tax Code Section 23.127 requires it. File it in the county where the business is located.
- Individual retailers filing on their own behalf skip Section 2 and go to Section 3.
- All other applicants complete Section 2 and state the basis of their authority: officer of the company, general partner of the company, attorney for the company, agent for tax matters appointed under Tax Code Section 1.111 (with a completed and signed Form 50-162), or another basis, which you explain on the form.
- Retailers that started business after Jan. 1 report the sales for the months they were in business and give the starting date of business in Section 3.
Do not file this form with the Texas Comptroller of Public Accounts. A chief appraiser must report to the Texas Department of Housing and Community Affairs any retailer that fails to file a declaration or reports the sale of fewer than two units of manufactured housing in the preceding year.
When to file 50-267
File the declaration not later than Feb. 1 each year. If you were not in business on Jan. 1, file it not later than 30 days after starting your business; Section 3 asks for the starting date of business in that case.
Late or missing filings carry penalties stated on the form. Failure to file is a misdemeanor offense punishable by a fine, and each day of noncompliance is a separate offense. You also forfeit a penalty for each month or part of a month the declaration is not filed after it is due, and a tax lien attaches to your business personal property to secure payment. The form gives the dollar amounts.
The chief appraiser may examine your books and records, including Texas Department of Housing and Community Affairs documentation of your license number and your sales records, to check the declaration.
Documents you need
- A list with the name and business address of each location at which you conduct business, attached to Section 3.
- A copy of your tax bill or a copy of appraisal district or tax office correspondence about the account, only if your appraisal district account number is not available.
- Form 50-162, completed and signed, only if your authority in Section 2 is as an agent for tax matters appointed under Tax Code Section 1.111.
- Any other supporting documentation for the declaration, which must be filed together with the form.
How to fill out 50-267
Enter account number and tax year
At the top, write your Appraisal District Account Number and the Tax Year. If you do not have the account number, plan to attach a tax bill or appraisal district correspondence.
Complete Section 1, Retailer Information
Enter the name of the retailer, phone number with area code, email address, and the mailing address with city, state and ZIP code.
Complete Section 2 if required
Individual retailers filing for themselves skip to Section 3. Everyone else checks the basis of authority (officer, general partner, attorney, agent for tax matters with Form 50-162, or other with an explanation) and enters the representative's name, title, phone, email and mailing address.
Complete Section 3, Business Information
Enter the name of business, the business address, and the Texas Department of Housing and Community Affairs Retailer's License Number(s). Add the starting date of business only if you were not in business on Jan. 1 of this year, and attach the list of locations.
Report units sold in Section 4, Part 1
Enter the number of units sold for the 12 months corresponding to the prior tax year in the Net Retail Manufactured Housing Inventory, Retailer Sales and Subsequent Sales columns. If you started after Jan. 1 of the preceding year, report only the months in business.
Report sales amounts in Section 4, Part 2
Enter the dollar amounts for the same period in the same three columns, using the form's definitions of retailer sales and subsequent sales.
Figure market value in Section 5
Take the dollar sales amount from the net retail manufactured housing inventory breakdown in Section 4 and divide by 12. Enter the result as the Net Retail Manufactured Housing Inventory Market Value for Current Tax Year; if you were not in business on Jan. 1 of the preceding year, the chief appraiser estimates the value.
Certify, sign and date Section 6
Print the name of the retailer or authorized representative in the "I, ___" line, then sign and date. The form warns that a false statement can be a Class A misdemeanor or a state jail felony under Penal Code Section 37.10.
Review and download the completed PDF
Check every section, then download or print the completed PDF from FillingPDF. Assemble the original, the copy and the attachments, and file them as described under How to submit.
How to submit 50-267
File the original completed declaration with the appraisal district and a copy with the county tax assessor-collector, in the county where the business is located. The form prints both addresses.
- Original to the appraisal district: Parker Co Appraisal District, 1108 Santa Fe Dr, Weatherford, TX 76086. For property tax questions, the county's page lists www.parkercad.org and 817-596-0077.
- Copy to the tax assessor-collector: Parker County Tax Assessor-Collector, 1112 Santa Fe Drive, Weatherford, TX 76086. The county page lists phone 817-598-6139 and hours of Monday to Friday, 8:00 am to 5:00 pm at this office.
File all supporting documentation with the form. Do not send it to the Texas Comptroller of Public Accounts. The form names no other channel, and no fee is printed on it. FillingPDF lets you fill out and download the PDF; submission follows the channels above.
Common mistakes to avoid
- Filing the declaration with the Texas Comptroller of Public Accounts; the form says not to, and it goes to the appraisal district and the tax assessor-collector.
- Filing the original but not a copy with the county tax assessor-collector, or the reverse.
- Missing the Feb. 1 deadline, or, for a business not operating on Jan. 1, filing more than 30 days after starting business.
- Skipping Section 2 when you are not an individual retailer filing on your own behalf.
- Leaving out the list of business locations, or the tax bill or correspondence copy when you have no appraisal district account number.
- Counting a later sale of the same retailer-financed unit as an inventory sale instead of a subsequent sale in the same calendar year.
- Reporting sales for the wrong period instead of the 12 months corresponding to the prior tax year.
- Signing without the printed name, or leaving the Section 6 signature and date blank.
Frequently asked questions
What is Form 50-267?
Form 50-267 is the Retail Manufactured Housing Inventory Declaration. Retailers use it to declare retail manufactured housing inventory under Tax Code Section 23.127 by reporting the prior year's units and sales amounts, from which the inventory's market value for the current tax year is figured.
When is the manufactured housing inventory declaration due?
Not later than Feb. 1 each year. If you were not in business on Jan. 1, file it not later than 30 days after starting your business. The form states penalties for failing to file, including a misdemeanor fine and a monthly penalty.
Where do I file Form 50-267 in Parker County?
File the original with the Parker Co Appraisal District, 1108 Santa Fe Dr, Weatherford, TX 76086, and a copy with the Parker County Tax Assessor-Collector, 1112 Santa Fe Drive, Weatherford, TX 76086. Do not file it with the Texas Comptroller of Public Accounts.
Who must fill out Section 2, Authorized Representative?
Everyone except an individual retailer filing on their own behalf. Section 2 asks you to check your basis of authority, such as officer, general partner, attorney, or agent for tax matters appointed under Tax Code Section 1.111, which requires a completed and signed Form 50-162.
How is the market value of my inventory figured on Form 50-267?
Section 5 divides the net retail manufactured housing inventory sales amount from Section 4 by 12. If you were not in business on Jan. 1 of the preceding year, the chief appraiser estimates the market value instead.
What is a subsequent sale on Form 50-267?
A subsequent sale is a retailer-financed sale of manufactured housing that, at the time of sale, has retailer financing from your inventory in the same calendar year. The first sale of that unit counts as an inventory sale; a later sale the same year is the subsequent sale.
Can I fill out Form 50-267 online?
Yes. You can fill out the PDF online on FillingPDF and download or print it. FillingPDF is independent and does not file the declaration; you file the original with the appraisal district and a copy with the tax assessor-collector.
What happens if I do not file Form 50-267?
Failure to file is a misdemeanor offense punishable by a fine, and each day is a separate offense. You also forfeit a penalty for each month or part of a month it is late, a tax lien attaches to your business personal property, and the chief appraiser must report non-filers to the Texas Department of Housing and Community Affairs.
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