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Travis Texas Form 5305-SIMPLE: What You Should Know

A) The real property, comprising the 5305 Meadow Creek Circle that is located in the City of Austin, Texas (or in any county or municipality having jurisdiction) is described in the deed or instrument of purchase on file with the Secretary of State as if all deeds and instruments of purchase related thereto were recorded under this title and that all deeds and instruments of purchase issued prior thereto were canceled and extinguished. The real property is assessed to be, and is subject to, the following assessments, as from time to time, by such assessed valuation as the Secretary of State considers most equitable and just. Said assessment amounts are to be ascertained quarterly beginning on April 30 and ending on September 30. The annual assessment for a property consists of the assessments for all properties in the taxable area divided by the number of families and persons in said area; provided, that where a portion of an area is exempt from or for which there is no assessment, the assessments for the exemption or for the portion thereof are in addition to the assessed assessments from such part. Assessment values, once established, shall be valid and final for all purposes under said Act for all property therein, as well as under the Code of Ordinances of the States of Texas and Florida having similar provisions. The real property consists of a single lot, which is subdivided into lots having 1, 2 or 3 residences. Said lots may also be held in multiple residential units in the same subdivision. Said residential units consist of one or more dwellings, two or more living areas of the owner and a separate living area and garage for each of the residential units occupied. A garage may also be included as part of an apartment. A dwelling unit consists of a single unit consisting of one or more living areas and a separate sleeping space for each dwelling unit occupied. A unit may also include a separate bedroom and a separate kitchen. A separate sleeping space includes a separate sleeping area for each resident. A single bedroom may also have more than one sleeping area. The living areas may be any number of living spaces or other units of a similar type which are not more than three stories in height with three or more dwelling units in each living space, each of which is more than three stories in height. The living spaces are designed for sleeping, dining and eating, including lounging. Dwellings are intended for dwelling, entertaining guests, recreational, socialized and family relations.

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