Tax exemptions possible for property damage

Kennith Bogan

Household and business house owners whose homes sustained injury all through the March 21 critical storms could be suitable for a property tax exemption, in accordance to the Bastrop Central Appraisal District. 

“In an spot declared a disaster location by the governor, Tax Code Section 11.35 allows a experienced house that is at minimum 15 p.c weakened by a disaster to acquire a momentary exemption of a part of the appraised value of the house,” the district explained. 

Residence proprietors will have to implement for the temporary exemption inside 105 days soon after the governor declares a disaster place. Gov. Greg Abbott declared a catastrophe space on March 22 for 16 counties, including Bastrop, owing to the serious storms and several tornadoes that ripped by communities throughout the condition. The deadline to implement for the tax exemption is July 5. 

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