Texas Tax Assessor-Collector Bond

Texas Tax Assessor-Collector Bond

In Texas, persons who are appointed or elected as a tax assessor-collector will need to file a Bond of Tax Assessor and Collector before they are able to begin carrying out their obligations. Also called the Tax-Assessor Collector Bond, it is used as a financial guarantee that the tax assessor and collector won’t abuse or neglect their duties; if this occurs and there is monetary loss or damage, action can be taken against the Tax Assessor-Collector Bond for compensation.

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Buying your Tax Assessor/Collector Bond with Jet just might be the easiest part of submitting your paperwork. Our application only takes a few minutes to complete and you’re ready to purchase and have the original copy mailed to you.

What Is the Price of the Tax-Assessor Collector Bond?

Your Texas Tax Assessor-Collector Bond can cost as low as $100 with Jet. Rates are typically a small percentage of the bond limit, so obviously, the bond limit will be a major factor in the actual cost of your bond. The limit for a Tax Assessor and Collector Bond can range anywhere from $2,500 to $100,000 and is calculated by taking 5% of net state collections for motor vehicle sales use taxes or motor vehicle registration fees collected in the county during the fiscal period ending the prior August 31st. The chart shown below has a cost breakdown of what different limits can be purchased for. 

Bond LimitCost
$2,500$100
$25,000$875
$50,000$1,750
$100,000$3,500*
Texas Tax Assessor-Collector Bond Rates

*subject to credit approval

Choosing Jet for your surety company is one of the best decisions you can make when deciding where to purchase your Tax Assessor-Collector Bond. We are a direct insurance company (meaning no annoying brokers or middlemen) that helps save you time and money during the bond process. 

The Tax Assessor and Collector Bond Process With Jet

Applying with Jet is simple: just click the button above to start plugging in the information that goes on the bond form, like name, required bond limit, address, social security number, etc. If your bond limit is over $50,000, your application will include a soft credit check and may require an evaluation of financial statements. Next is adding in payment information. And once you’ve completed that, you’re all done! Jet will send you an email with a digital copy of your bond and a receipt. 

The original copy of the Tax Assessor-Collector Bond will be mailed to you to complete all aspects of the bond according to the instructions listed on the bond form. You will have 20 days after your appointment or election into office to get the following steps done:

After the bond is recorded by the County Clerk, the State Bond is filed by the County Judge to the Comptroller’s Office at this address:

Comptroller of Public Accounts
Revenue Accounting Division
111 E 17th St
Austin, TX 78774-0100

This bond can be renewed annually as needed during the 4-year term of a tax assessor-collector. Jet will send you a notice via mail and email to get your renewal process started. Just verify the bond limit and submit payment. If your bond limit has increased, we may need additional information and an adjustment to the renewal quote to make sure that you have proper coverage. 

How Does a Tax Assessor and Collector Avoid Surety Bond Claims?

It’s quite simple, really. The Tax Assessor-Collector Bond is conditioned to protect against losses caused by an assessor-collector who acted unlawfully during their time in office and mishandled the money collected from taxes. So, to avoid claims, the assessor-collector needs to uphold their duties (found in Section 6 of the Texas Tax Code) and keep track of the taxes collected. 

Say, for example, a tax assessor-collector is reckless in the management of motor vehicle registration fees and places them into the wrong account. The state is owed those fees and will take action to receive their due fees. It’s very possible that if the misplacement of money was due to an error, the issue can be righted by placing the money in the appropriate account. However, if the tax assessor-collector refuses to alleviate the issue, the state can file a claim against the Tax Assessor-Collector Bond to get their due fees. 

Although the bond would provide compensation for the missing fees, the tax assessor and collector who is at fault is not so easily off the hook. Any claim payouts that occur will need to be repaid to the surety company, and Jet will hold the tax assessor-collector liable for such payouts. 

Are There Other Bonds That a Tax Assessor-Collector Needs?

A tax assessor-collector may also need to file a Tax Assessor-Collector Bond with the Commissioner’s Court for county taxes. The bond limit is 10% of the total money of county taxes imposed in the county—no less than $2,500 and no more than $100,000. If you need this bond, give Jet a call at (855) 296-2663 for a quote. 

Texas Tax Assessor-Collector Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: