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Travis County CAD Press Release on wildfire tax relief

Travis County CAD Press Release on wildfire tax relief

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Published by: KUTNews on Oct 14, 2011
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11/08/2012

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WILDFIRE INFORMATION
For those that may have been impacted by damages sustained to structuresdue to the wildfires, please read the following information.Generally, property is appraised as of January 1 of each year. There is analternate valuation scenario envisioned by the property tax code in Section 23.02, whichstates, in part: “(a) The governing body of a taxing unit that is located partly or entirelyinside an area declared to a be a natural disaster area by the governor may authorizereappraisal of all property damaged in the disaster at its market value immediately after the disaster.” The code also discusses the fact that the property value is prorated from thedate of the disaster. A copy of Section 23.02 is located at the end of this section.Homeowners who do not claim another homestead, begin construction within a year, andreoccupy the house within two years can maintain their homestead exemption. A copy of Section 11.135 is included at the end of the section. Finally, once the property is rebuilt,if it is not a greater square footage or higher quality, it will receive the market value thatit had the year before it is completed. See Section 23.23 (f) at the end of this section.The Travis County Commissioners and the Pflugerville IndependentSchool District (ISD) Board of Trustees have decided to grant property tax relief, due todamage from wildfires which occurred in September, and for the wildfire that occurred inOak Hill in April. At this point in time, no other jurisdictions have joined these proclamations, so the tax relief will be limited to the Travis County and Pflugerville ISD portion of property taxes for the homeowners in those areas whom have suffered a loss.The following is an example of how a property’s market value wouldchange, for a property which burned to the ground on September 4:Appraisal DateJanuary 1, 2011September 4, 2011Land Value$82,400$82,400Improvement Value
(1)
+190,679+34,322Total Value$273,079$116,722Tax Ratex.004658x .004658Full Years Property Tax$1,272.00$543.69Proration
(2)
.673973.326027Prorated Property Tax$857.29$177.26Property Tax Before the Disaster$857.29Property Tax After the Disaster177.26Total Property Tax$1,034.55 __________________ 
(1)
Property which is burned down to the foundation will carry a value of 18% of theoriginal improvement value.
(2)
Under this portion of the property tax law, the property is prorated by the number of days until the end of the year after the disaster occurred.The above example assumes a home which was worth $273,079 before the fire, and$116,722 after the fire (assuming the foundation remains intact). In this example, theTravis County tax rate of .004658 is then applied to determine what the tax would be for 
 
the entire year. The property tax is then prorated by the number of days the property wasunaffected by the disaster (245/365 = .673973, for instance). Then the prorated amountswhich are calculated are then added. This property owner will pay the reduced amount of $1,034.55 for county property taxes, instead of the $1,272.00 which would have beencharged, had the property not suffered the wildfire damage. These amounts will vary byhome values, when the loss occurred, the jurisdictions participating in this revaluation,and the extent of the loss (total or partial).The following is a list of properties which the Travis Central AppraisalDistrict has identified as properties which suffered improvement damage from wildfiresin September or on April 17 of this year.
PropID Situs Subdivision Legal
3089547300 CALLBRAM LN WINDMILL RUN SEC 4-ALOT 42 BLK J WINDMILL RUNSEC 4-A3089557302 CALLBRAM LN WINDMILL RUN SEC 4-ALOT 41 BLK J WINDMILL RUNSEC 4-A3120247303 CALLBRAM LN WINDMILL RUN SEC 4-ALOT 14 BLK X WINDMILL RUNSEC 4-A3120237305 CALLBRAM LN WINDMILL RUN SEC 4-ALOT 13 BLK X WINDMILL RUNSEC 4-A3120637308 CALLBRAM LN WINDMILL RUN SEC 4-ALOT 36 BLK J WINDMILL RUNSEC 4-A3120647400 CALLBRAM LN WINDMILL RUN SEC 4-ALOT 35 BLK J WINDMILL RUNSEC 4-A3120227401 CALLBRAM LN WINDMILL RUN SEC 4-ALOT 12 BLK X WINDMILL RUNSEC 4-A3120217403 CALLBRAM LN WINDMILL RUN SEC 4-ALOT 11 BLK X WINDMILL RUNSEC 4-A3120657404 CALLBRAM LN WINDMILL RUN SEC 4-ALOT 34 BLK J WINDMILL RUNSEC 4-A3120207405 CALLBRAM LN WINDMILL RUN SEC 4-ALOT 10 BLK X WINDMILL RUNSEC 4-A3120197501 CALLBRAM LN WINDMILL RUN SEC 4-ALOT 9 BLK X WINDMILL RUNSEC 4-A3120187503 CALLBRAM LN WINDMILL RUN SEC 4-ALOT 8 BLK X WINDMILL RUNSEC 4-A3120177505 CALLBRAM LN WINDMILL RUN SEC 4-ALOT 7 BLK X WINDMILL RUNSEC 4-A3120167507 CALLBRAM LN WINDMILL RUN SEC 4-ALOT 6 BLK X WINDMILL RUNSEC 4-A35757825513 COVE DR POINT PEDERNALESLOT 47 POINT PEDERNALES4571173407 COWDEN DRSTEINER RANCH PHS 1 SEC4DLOT 12 BLK G STEINER RANCHPHS 1 SEC 4D4571793410 COWDEN DRSTEINER RANCH PHS 1 SEC4DLOT 18 BLK F STEINER RANCHPHS 1 SEC 4D4571183411 COWDEN DRSTEINER RANCH PHS 1 SEC4DLOT 13 BLK G STEINER RANCHPHS 1 SEC 4D4571193415 COWDEN DRSTEINER RANCH PHS 1 SEC4DLOT 14 BLK G STEINER RANCHPHS 1 SEC 4D4571203419 COWDEN DRSTEINER RANCH PHS 1 SEC4DLOT 15 BLK G STEINER RANCHPHS 1 SEC 4D4571783420 COWDEN DRSTEINER RANCH PHS 1 SEC4DLOT 17 BLK F STEINER RANCHPHS 1 SEC 4D4571213423 COWDEN DRSTEINER RANCH PHS 1 SEC4DLOT 16 BLK G STEINER RANCHPHS 1 SEC 4D4571223427 COWDEN DRSTEINER RANCH PHS 1 SEC4DLOT 17 BLK G STEINER RANCHPHS 1 SEC 4D35770225901 COX CROSSINGRD COLE J PABS 185 SUR 303 COLE J P ACR1.00357700COX CROSSING RD MOAT JABS 516 SUR 412 MOAT J ACR200.04 (1-D-1W)
 
3090417100 DUNKIRK DRSCENIC BROOK WEST SEC 3PHS 1LOT 16 BLK A SCENIC BROOK WEST SEC 3 PHS 13090377107 DUNKIRK DRSCENIC BROOK WEST SEC 3PHS 1LOT 20 BLK A SCENIC BROOK WEST SEC 3 PHS 15574092601 FALL CREEK ESTATES D PALEFACE HOMESTEADSLOT 32 PALEFACEHOMESTEADS RESUB OF LOTS8&95573703225 FALL CREEK ESTATES D PALEFACE HOMESTEADSLOT 22 PALEFACEHOMESTEADS RESUB OF LOTS8&935562623800 HAMILTON POOLRD CAWLFIELD W SABS 208 SUR 525 CAWLFIELDW S ACR 80.000 (1-D-1)35563423800 HAMILTON POOLRD 4A B & MABS 41 SUR 23 A B & M ACR1.000357033600 JIM BOWIE DRPALEFACE LAKE COUNTRYESTATESLOT 1 BLK 3 PALEFACE LAKECOUNTRY ESTATES +4277SFVACATED ROW514146604 JIM BOWIE DRPALEFACE LAKE COUNTRYESTATESLOT 2 BLK 3 PALEFACE LAKECOUNTRY ESTATES +1939SFVACATED ROW357047736 JIM BOWIE DRPALEFACE LAKE COUNTRYESTATESLOT 15 BLK 3 PALEFACE LAKECOUNTRY ESTATES14923412714 MC NELLY TRLSTEINER RANCH PHS 1 SEC2-ALOT 87 BLK 1 STEINER RANCHPHS 1 SEC 2-A14923512716 MC NELLY TRLSTEINER RANCH PHS 1 SEC2-ALOT 88 BLK 1 STEINER RANCHPHS 1 SEC 2-A14927412907 MEDINA RIVERWAYSTEINER RANCH PHS 1 SEC2-ALOT 126 BLK 1 STEINER RANCHPHS 1 SEC 2-A14928612908 MEDINA RIVERWAYSTEINER RANCH PHS 1 SEC2-ALOT 5 BLK 3 STEINER RANCHPHS 1 SEC 2-A14927312909 MEDINA RIVERWAYSTEINER RANCH PHS 1 SEC2-ALOT 125 BLK 1 STEINER RANCHPHS 1 SEC 2-A14928712910 MEDINA RIVERWAYSTEINER RANCH PHS 1 SEC2-ALOT 6 BLK 3 STEINER RANCHPHS 1 SEC 2-A14927212911 MEDINA RIVERWAYSTEINER RANCH PHS 1 SEC2-ALOT 124 BLK 1 STEINER RANCHPHS 1 SEC 2-A14927112913 MEDINA RIVERWAYSTEINER RANCH PHS 1 SEC2-ALOT 123 BLK 1 STEINER RANCHPHS 1 SEC 2-A14925913000 MEDINA RIVERWAYSTEINER RANCH PHS 1 SEC2-ALOT 111 BLK 1 STEINER RANCHPHS 1 SEC 2-A14927013001 MEDINA RIVERWAYSTEINER RANCH PHS 1 SEC2-ALOT 122 BLK 1 STEINER RANCHPHS 1 SEC 2-A14926013002 MEDINA RIVERWAYSTEINER RANCH PHS 1 SEC2-ALOT 112 BLK 1 STEINER RANCHPHS 1 SEC 2-A14926913003 MEDINA RIVERWAYSTEINER RANCH PHS 1 SEC2-ALOT 121 BLK 1 STEINER RANCHPHS 1 SEC 2-A14926813005 MEDINA RIVERWAYSTEINER RANCH PHS 1 SEC2-ALOT 120 BLK 1 STEINER RANCHPHS 1 SEC 2-A14926113008 MEDINA RIVERWAYSTEINER RANCH PHS 1 SEC2-ALOT 113 BLK 1 STEINER RANCHPHS 1 SEC 2-A14926713009 MEDINA RIVERWAYSTEINER RANCH PHS 1 SEC2-ALOT 119 BLK 1 STEINER RANCHPHS 1 SEC 2-A14926213010 MEDINA RIVERWAYSTEINER RANCH PHS 1 SEC2-ALOT 114 BLK 1 STEINER RANCHPHS 1 SEC 2-A14926613011 MEDINA RIVERWAYSTEINER RANCH PHS 1 SEC2-ALOT 118 BLK 1 STEINER RANCHPHS 1 SEC 2-A14926313012 MEDINA RIVERWAYSTEINER RANCH PHS 1 SEC2-ALOT 115 BLK 1 STEINER RANCHPHS 1 SEC 2-A357092610 NOMAD DRPALEFACE LAKE COUNTRYESTATESLOT 2-3 BLK 2 PALEFACE LAKECOUNTRY ESTATES467299213 PALEFACE POINTDR GERMANY R RABS 330 SUR 302 GERMANY RR ABS 712 SUR 751 SPREECHERA ACR 3.204448066303 PALEFACE POINTDR GERMANY R RABS 330 SUR 302 GERMANY RR ACR 1.47 MHS#2PTX1779A/BTX

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