Let's talk about self storage.

communities_1.jpg
 View Only
Back to discussions
Expand all | Collapse all

Property Tax Relief in Disaster Areas

  • 1.  Property Tax Relief in Disaster Areas

    Posted 08-08-2024 04:38 PM
    Sharing the information below sent from the Texas Comptroller. There is some burden in the application process and it is not guaranteed, but it may be of value to look into if you sustained damage. To qualify, the amount of damage must be at least 15% of your property value. 
    If you have questions, I encourage you to reach out to one of the TSSA vendor members who specialize in property taxes. 
    Property Taxes in Disaster Areas
    The governor recently issued weather-related disaster declarations for the following counties:
    • April 30, 2024 – Baylor, Chambers, Dickens, Ellis, Freestone, Galveston, Grimes, Harris, Haskell, Hill, Hood, Hunt, Kaufman, Knox, Leon, Liberty, Limestone, Madison, McLennan, Montgomery, Navarro, Polk, San Jacinto, Somervell, Tarrant, Trinity, Tyler, Walker and Wichita;
    • May 2, 2024 – Anderson, Angelina, Austin, Bandera, Bastrop, Bell, Bexar, Blanco, Bosque, Brazos, Burleson, Burnet, Caldwell, Cherokee, Colorado, Comal, Coryell, DeWitt, Falls, Fayette, Gillespie, Gonzales, Gregg, Guadalupe, Hamilton, Hardin, Hays, Henderson, Houston, Jasper, Jefferson, Johnson, Karnes, Kendall, Kerr, Kimble, Lampasas, Lavaca, Lee, Llano, Mason, Medina, Milam, Nacogdoches, Newton, Orange, Panola, Robertson, Rusk, Sabine, San Augustine, Shelby, Smith, Travis, Van Zandt, Waller, Washington, Williamson and Wilson;
    • May 7, 2024 – Clay, Coleman, Eastland and Mills;
    • May 15, 2024 – Brown, Concho, McCulloch, Menard, San Saba and Sutton;
    • May 20, 2024 – Calhoun, Delta, Jones and Lamar;
    • May 26, 2024 – Denton, Montague, Cooke and Collin;
    • May 30, 2024 – Dallas, Fannin, Hockley, Lynn and Rockwall;
    • June 5, 2024 – Bailey, Bowie, Cass, Midland, Red River and Terrell;
    • June 13, 2024 – Hopkins and Titus;
    • June 19, 2024 – Aransas, Atascosa, Bandera, Bee, Bexar, Brazoria, Brooks, Calhoun, Cameron, Chambers, DeWitt, Dimmit, Duval, Edwards, Fort Bend, Frio, Galveston, Goliad, Gonzales, Harris, Hidalgo, Jackson, Jefferson, Jim Hogg, Jim Wells, Karnes, Kenedy, Kinney, Kleberg, La Salle, Lavaca, Live Oak, Matagorda, Maverick, McMullen, Medina, Nueces, Orange, Real, Refugio, San Patricio, Starr, Uvalde, Val Verde, Victoria, Webb, Wharton, Willacy, Wilson, Zapata and Zavala;
    • June 28, 2024 – Cochran, Coke, Morris, Rains, Sterling and Wharton; and
    • July 5, 2024 – Aransas, Atascosa, Bee, Bexar, Brooks, Calhoun, Cameron, DeWitt, Dimmit, Duval, Frio, Goliad, Gonzales, Hidalgo, Jackson, Jim Hogg, Jim Wells, Karnes, Kenedy, Kinney, Kleberg, LaSalle, Lavaca, Live Oak, Matagorda, Maverick, McMullen, Medina, Nueces, Refugio, San Patricio, Starr, Uvalde, Victoria, Webb, Wharton, Willacy, Wilson, Zapata and Zavala.
    Tax Code Section 11.35, Temporary Exemption for Qualified Property Damaged by Disaster, allows qualified properties that are at least 15 percent damaged by a disaster in counties included in the declaration to receive a temporary exemption of a portion of the property's appraised value. Qualified property includes:
    • tangible personal property used for income production;
    • improvements to real property; and
    • certain manufactured homes.
    Property owners must apply for the temporary exemption no later than 105 days after the governor declares a disaster area. Form 50-312, Temporary Exemption Property Damaged by Disaster (PDF), is available on PTAD's Property Tax Forms webpage.
    You can find more information on statutory relief for property owners in disaster areas on PTAD's Property Taxes in Disaster Areas and During Droughts webpage.


    ------------------------------
    Kristy Spurr
    Executive Director
    Texas Self Storage Association, Inc.
    (512) 374-9089
    ------------------------------