Property owners may qualify for temporary extension if damage occurred during Winter Storm Uri

Gov. Greg Abbott declared the entire state of Texas a disaster area on Feb. 12, 2021. Tax Code Section 11.35 allows a qualified property that is at least 15% damaged by a declared disaster to receive a temporary, prorated exemption of a portion of the appraised value of the property. A property owner must apply for the temporary exemption and the deadline for application is 105 days after the governor declares a disaster area. In this case May 28, 2021 is the deadline.

The exemption applies only to qualified property. Qualified property includes:

•Tangible business personal property used for income production if the owner filed a 2021 rendition;