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: 

  • Commercial Real Estate
  • Manufacturing Facilities
  • Business Personal Property 
  • Residential Real Estate (Apartments and Homes)

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.