Montgomery Central Appraisal District Reminds Property Owners of Disaster Exemption
Due to the freezing temperatures of Winter Storm Uri, Governor Abbott declared the entire state of Texas a disaster area on February 12, 2021.
The Montgomery Central Appraisal District (MCAD) is reminding property owners that they may qualify for a temporary disaster exemption if they experienced physical damage to their property during the recent freeze (Winter Storm Uri). The exemption is not automatic and physical damage must meet a specific degree to qualify.
During the 86th Texas Legislative Session, the Texas Property Tax Code was amended to potentially allow property owners a temporary disaster exemption. Section 11.35 of the Tax Code allows a qualified property that is at least 15 percent damaged by a disaster to receive a temporary exemption of a portion of the appraised value of the property. Qualified property includes:
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tangible personal property used for income production if the owner filed a rendition;
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residential buildings (homes), commercial buildings (businesses), industrial buildings (manufacturing), multi-family buildings (apartments), and other real property buildings; and
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certain manufactured homes.