Texas Ice Storm: Travis County Property Owners Can Get Property Tax Relief

Austin, Texas – Travis County property owners may be eligible for a temporary disaster relief to help reduce their property taxes if their property was damaged during a recent ice storm.

That, according to Travis Central Appraisal District chief appraiser Maria Krigler, who says in a press release that “property owners who sustained damage to buildings, mobile homes, or personal business property during the recent ice storm may be eligible for a temporary break in their property in 2023. taxes.”

Officials say section 11.35 of the Internal Revenue Code allows the chief appraiser to determine whether a property qualifies for a temporary exemption based on a damage assessment rating of I, II, III, or IV.

In order to be entitled to the property, damage must be done, which is at least 15% of the value of the property improvement. The amount of the exemption is determined by multiplying the value of the property improvement after the appraisal rating has been applied by the fraction consisting of the days remaining in the tax year after the governor declared the disaster, divided by 365.

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Damage to the landscape or trees in the area cannot be included in the definition of an exemption.

The temporary exemption is valid until the property is revalued.

Krigler says, “The Travis County property owners will spend the next few months assessing the damage and rebuilding their homes and businesses. This temporary exemption may provide some property tax relief during this difficult time.”

The deadline to apply for a provisional exemption due to an ice storm is May 22, 2023.

Property owners must complete an application and submit it to TCAD by mail, in person (850 East Anderson Lane) or online.

Additional information, including a calculator to help property owners assess whether they qualify for this exemption, can be found on the TCAD website.