March 2021 – With the disaster declaration from Texas Governor Greg Abbott in February, properties that sustained 15% or more in assessed damage are subject to receive a temporary property tax exemption of a portion of the appraised value. The exemption application must be submitted on or before May 28, 2021.
Qualified Properties include:
Don’t hesitate to reach out to Invoke Tax Partners for any assistance with your application or advice on other ways to maximize your property tax savings this appeal season.
|Damage Rating||Damage Assessment||Damage Description||Exemption %|
|I||>=15% to <30%||Minimal, may continue to be used as intended.||15%|
|II||>=30% to <60%||Nonstructural damage and waterline <18″ above floor if flooded.||30%|
|III||>=60% to <100%||Significant structural damage and waterline 18″+ above floor if flooded.||60%|
|IV||100%||Total loss: repair is not feasible.||100%|
For more info on applications visit your County’s Appraisal Website. Click here for an example.