Transcript:
Aircraft operated in the state of Texas that are used at all for business use are generally subject to the Ad Valorem tax or business property tax. That said, there are significant ways to reduce the Ad Valorem tax amount, by working proactively with the state of Texas and the county in which the aircraft is situated, to provide them information in a rendition. That may reduce the property tax based on the time the aircraft spends in the state of Texas, or the nature of the use. Aircraft that are generally used significantly for charter activity may have a much lower property tax bill.
