Did you know that if you suffered storm damage to your home, business personal property or other buildings you could qualify for a tax exemption?
On Friday, February 12, 2021 Governor Greg Abbott issued a Disaster Declaration in response to severe winter weather in Texas. This declaration enables property owners in effected counties to file for a temporary
property tax exemption under Section 11.35 of the Texas Property Tax Code for qualified property (improvement) damaged by the disaster. To qualify for the exemption the damage to the property must be at least 15% of the District’s 2021 appraised value of the improvement (structure, not land value). The percent damage calculation uses the cost of damages to an improvement (structure) compared to the appraised value of the improvement (structure).
Grayson county was not in the original declaration, but was added along with others on February 23, 2021 along with others in the Winter Storm Uri – Disaster Relief and Recovery. If you suffered extensive damage totaling at least 15% of appraised value of the structure (not land value) then contact your county appraisal district for more information.