ENROLL NOW
Covid-19 – Does it Qualify for Property Tax Disaster Tax Exemption?
A recent survey of 6,427 Texas taxpayers revealed that 95% believe Covid-19 should be considered a disaster for property tax exemption purposes.
Texans believe property owners adversely affected by Covid-19 should receive a partial year tax exemption (92%). 76% believe Covid-19 is worse than Hurricane Harvey and 91% the same or worse than Harvey. Fully 91% rejected the concept of not considering Covid-19 a disaster since it was statewide. There is apparently a sediment that since the legislature did not conceive of a statewide disaster, a true statewide disaster should not receive disaster relief. Over four of five, 82% said it should apply even though it mainly would affect commercial property owners, since residential property has not been affected to date.
To add your opinion and participate in the survey CLICK HERE.
To see the results of the survey so far CLICK HERE.
About the Author
Patrick O’Connor has been active in reducing property taxes, providing expert witness testimony and appraising commercial real estate property since 1983. Pat is active in publishing analyses and data with respect to the real estate market, while being a highly regarded media spokesperson for the real estate community. He holds a MAI, the highest achievable designation from the Appraisal Institute, and is a licensed senior property tax consultant. Pat earned a Master of Business Administration from Harvard University. In 2001, he authored the first definitive consumer guide to Texas property taxes, Cut Your Texas Property Taxes.
