Travis County property owners may be e eligible for a temporary disaster-related exemption to help lower their property taxes if their property was damaged during the recent ice storm.
property owners may be eligible for a temporary disaster-related exemption to help lower their property taxes if their property was damaged during the recent ice storm.
That's according to Travis Central Appraisal District Chief Appraiser Marya Crigler who says in a news release that "property owners who suffered damage to buildings, mobile homes, or business personal property during the recent ice storm may be eligible for a temporary break on their 2023 property taxes."
Officials say Tax Code Section 11.35 allows for a chief appraiser to determine if a property qualifies for a temporary exemption based on a damage assessment rating of Level I, II, III, or IV. To qualify, a property must have suffered damage that totals a minimum of 15% of the property’s improvement value. The amount of the exemption is determined by multiplying the property’s improvement value, after applying the assessment rating, to a fraction comprised of the days remaining in the tax year after the governor has declared a disaster divided by 365.
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