This Tax Code Gives LARGE Benefits To
Homeowners Who Rebuild Following A Flood
We believe HCAD’s 2019 appraised value sharply exceeds the value mandated by law.
Complete the form below to determine the fairness of your property tax assessment. You can then enroll in the
Property Tax Protection Program™. If your taxes are not reduced you PAY NOTHING, and a portion of the
tax savings is the only fee you pay when your taxes are reduced!
Tax Code 23.23 about rebuilt homes is below for your reference.
The code follows for your reference.
Sec. 23.23 LIMITATION ON APPRAISED VALUE OF RESIDENCE HOMESTEAD.
(f) Notwithstanding Subsections (a) and (e) and except as provided by Subdivision (2), an improvement to property that would otherwise constitute a new improvement is not treated as a new improvement if the improvement is a replacement structure for a structure that was rendered uninhabitable or unusable by a casualty or by wind or water damage. For purposes of appraising the property under Subsection (a) in the tax year in which the structure would have constituted a new improvement:
(1) the appraised value the property would have had in the preceding tax year if the casualty or damage had not occurred is considered to be the appraised value of the property for that year, regardless of whether that appraised value exceeds the actual appraised value of the property for that year as limited by Subsection (a); and
(2) the replacement structure is considered to be a new improvement only if:
(A) the square footage of the replacement structure exceeds that of the replaced structure as that structure existed before the casualty or damage occurred; or
(B) the exterior of the replacement structure is of higher quality construction and composition than that of the replaced structure.