Due to the overwhelming damage and loss of property in the Houston area after Hurricane Harvey, some property owners received a break on their property tax bill.
The law provides 15-100% in property tax exemptions for properties damaged in a natural disaster, depending on the extent of the damage.
COVID-19 Does Not Qualify for Disaster Relief for Property Taxes
However, despite a declared disaster in the state, due to COVID-19, there will not be tax exemption property tax relief. Many believe, including Governor Abbott, that the largest form of relief may come in the form of reduced property tax rates for 2020.
The law was written to help property owners suffering losses due to natural disasters such as hurricanes, floods, or wildfires. According to State Attorney General, Ken Paxton, it does not apply to the medical disaster of the COVID-19 pandemic.
We do encourage anyone who feels their property has been assessed inaccurately, to protest their property taxes. The assessment is based on how your property stood on January 1st. The deadline for your tax appeal is May 15th each year. Call or contact us today to get started. 281-880-6500