As a result of the Governor's declaration of disaster for all Texas counties, property owners may be eligible for a temporary tax exemption due to damage caused by the winter storms we experienced in February.
Tax Code Section 11.35 allows a qualified property that is at least 15 percent damaged by a disaster in a governor-declared disaster area to receive a temporary exemption of a portion of the appraised value of the property.
Qualified property includes:
- Tangible Business Personal Property used for income production, IF THE OWNER FILED A RENDITION.
- Residential homes, commercial buildings, industrial buildings, multi-family buildings, and other real property buildings.
- Certain Manufactured homes.
Property owners must file for this exemption no later than 105 days after the governor declares a disaster area, which creates a deadline for this instance of May 28, 2021. Property owners will need to complete and submit Form 50-312 “Temporary Exemption for Property Damaged by Disaster,” along with providing any supporting documents or photos that support your case to your taxing authority by the deadline. More information on this exemption is included in the links below. For specific filing instructions, please make sure to confirm with your local taxing authority.
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