Hurricane Laura Disaster Property Tax Exemption
You can qualify for a sizable property tax exemption if your home or commercial property was damaged by Hurricane Laura, with damage of at least 15% of the value of improvements.
(No cost to enroll and see if you qualify.)
In 2019, the Texas legislature passed a statute (Tax Code 11.35) providing for a partial property tax exemption for the balance of the year (after the governor declares a disaster), for the portion of the improvements damaged by the casualty. It is only for damage to improvements. The portion of the improvements exempted from property taxes are based on the four categories below. If someone had water in their home or commercial building, they qualify (see 4 options below).
The Governor issued the disaster declaration for Anderson, Angelina, Aransas, Bexar, Bowie, Brazoria, Calhoun, Cameron, Camp, Cass, Chambers, Cherokee, Dallas, Ellis, Fort Bend, Franklin, Galveston, Gregg, Grimes, Hardin, Harris, Harrison, Houston, Jackson, Jasper, Jefferson, Kenedy, Kleberg, Liberty, Leon, Madison, Marion, Matagorda, Montgomery, Morris, Nacogdoches, Newton, Nueces, Orange, Panola, Polk, Red River, Refugio, Rusk, Sabine, San Augustine, San Jacinto, San Patricio, Shelby, Smith, Tarrant, Titus, Travis, Trinity, Tyler, Upshur, Victoria, Walker, Waller, Wharton, Willacy, and Wood counties.
Texas Statute regarding Disaster Property Tax Exemption
- a Level I damage assessment rating if the property is at least 15 percent, but less than 30 percent, damaged, meaning that the property suffered minimal damage and may continue to be used as intended;
- a Level II damage assessment rating if the property is at least 30 percent, but less than 60 percent, damaged, which, for qualified property described by Subsection (a)(1)(B) or (C), means that the property has suffered only nonstructural damage, including nonstructural damage to the roof, walls, foundation, or mechanical components, and the waterline, if any, is less than 18 inches above the floor;
- a Level III damage assessment rating if the property is at least 60 percent damaged but is not a total loss, which, for qualified property described by Subsection (a)(1)(B) or (C), means that the property has suffered significant structural damage requiring extensive repair due to the failure or partial failure of structural elements, wall elements, or the foundation, or the waterline is at least 18 inches above the floor; or
- a Level IV damage assessment rating if the property is a total loss, meaning that repair of the property is not feasible.
How Do I Know If I Qualify?
You qualify for a sizable property tax exemption if your home or commercial property was damaged by Hurricane Laura, with damage of at least 15% of the value of improvements. The property tax disaster exemption also applies to mobile homes and business personal property. If your property flooded, you likely qualify for a 30 to 100% property tax exemption for the balance of 2020 (after the governor’s disaster declaration). The Disaster Property Tax Exemption is valid for almost half of 2020; it could cut your property taxes by 25 to 90% on the improvements for property damaged by Hurricane Laura.
- There is no cost to enroll. Our property was flooded by Tropical Storm Allison and Hurricane Harvey
- We understand the turmoil a hurricane causes. There is both financial and emotional distress.
- There is a strict deadline to apply. Complete the short form below by June 19, 2021 so you do not lose your property tax exemption.
- There is no fee to apply. The only cost is a portion of the savings if we successfully reduce your property taxes.
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Over 100,000 clients annually rely on O’Connor for tax reduction, including both property tax and federal income tax. We have been continuously serving clients for more than 30 years.