According to the disaster declaration issued by Gov. Greg Abbott, qualifying properties that sustained at least 15% damage from the disaster can receive a temporary exemption of a portion of the appraised property value, the release said.
A property owner must apply for the temporary exemption. The filing deadline is May 28.
The exemption only applies to qualifying properties such as:
- Tangible business personal property used for income production if the owner filed a 2021 rendition;
- An improvement to real property, which would include residential buildings, commercial buildings, industrial buildings, multifamily buildings and other real property buildings; and
- Certain manufactured homes used as a dwelling.
The appraisal district determines if the property qualifies for the temporary exemption and assigns a damage
assessment rating based upon available information, it said.
Qualification for the exemption is determined by utilizing owner provided documentation in the form of estimates and/or receipts for damages that occurred during a disaster declared event. Damage amounts will be compared to the qualified property values from the year the disaster occurred to determine if any damage assessment percentages are met.
More information and how to file can be found at www.wcad.org/temporary-disaster-exemption