Tax relief possible for damaged property in Bell County | Region

“From the tornados and the associated windstorms, many properties in Bell County sustained major physical damage. For those that suffered these damages, we want to let them know they could qualify for a disaster exemption that will help them reduce their 2024 property taxes,” he said. “Owners of properties that sustained physical damage to structures on their property or to any business personal property may apply for this exemption.”

Physical damage must total at least 15% of the 2024 improvement market value, according to the Tax Appraisal District of Bell County.

“It is important to remember that damages to trees and landscaping aren’t eligible for the exemption, but any damages sustained to the improvements from trees will qualify for this exemption,” White said.

All supporting documentation should be submitted with the application.

“Photographs of physical damage, repair estimates, insurance claims, and/or receipts are required for the appraisal district to approve the temporary exemption,” the Tax Appraisal District of Bell County said in a news release. “This temporary exemption can be applied to all properties, including residential, commercial, and business personal property.

Further information about the temporary disaster exemption can be accessed from the Texas Comptroller website at bit.ly/3x1RKcr.