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Property Tax Relief for Commercial Operations After Storm Damage

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The Property Tax Protection ™ Program is powered by O’Connor & Associates

Enter your information below to enroll in the Property Tax Protection Program and have your property taxes protested.

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Like homeowners, businesses across the state have suffered brutal consequences from recent

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storms. The damage from various natural disasters in recent weeks has hit commercial property owners hard. This can be especially challenging for businesses where profit margins are slim

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and closing their doors for a few days can put the business at risk of closing for good. As of May 28, 2024, Texas Governor, Greg Abbott has included 106 counties in the state’s disaster

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declarations. This fact is important because once a county is named in a disaster declaration, owners of qualifying property become eligible for temporary property tax exemption, which can

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reduce costs for business owners. What Property Qualifies for Temporary Disaster Exemption According to Texas Tax Code, damages to tangible personal property used for income

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 2025 Protest: Applies to the majority of Texas property

production (also known as business personal property) and damage to improvements (the

owners whose 2024 value notice from the county is dated more

structure) to real property are considered when evaluating the damage assessment to arrive at

than 30 days ago and the date is past May 15, 2024.

the property tax exemption percentage. Tangible personal property can be described as those property items you can see, touch, and feel. As a side note, tangible personal property is the only type that is taxable in Texas. Intangible assets, such as service agreements, software, and trade secrets are not taxable in Texas, and by extension, assets that are not subject to tax are also not to be included in tax exemption calculations. Some examples of these types of property that may have sustained damage include furniture, fixtures, inventory, equipment, and motor vehicles. When a business requires the temporary property tax exemption for physical damage to the property and damage to the business personal property, it will be necessary to complete separate applications for both commercial property types to gain the exemption for both. Application Requirements Some key factors to keep in mind are 1) that in order to qualify, costs to repair damages must be equal to or exceed 15% of the property’s value, 2) for business personal property, the property must have been rendered in the current year when the disaster is declared, and 3) the property owner will be responsible for providing all estimates and receipts to support the damage amount. Business owners should expect county appraisal districts to require proof of damage amounts. Application for the Temporary Disaster Exemption must be submitted to the county appraisal district where the property is located in a timely manner, no later than 105 days after the county is declared a disaster by the governor. Property owners may find a list of Texas counties included in the disaster declaration on O’Connor’s Temporary Disaster Exemption Information page.

 2024 Protest: Applies to select Texas property owners where the 2024 value notice is dated LESS than 30 days ago. Call 713.290.9700 to discuss with a representative. Please monitor your E-mail and spam filter. If you don't receive your enrollment documents within 24 business hours, call 713.290.9700 8am - 5pm CST

ENROLL NOW! By clicking enroll, you consent to us filing a protest on your behalf and agree to our terms Free online enrollment in 3 minutes. No cost unless taxes are reduced, guaranteed


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