Proposition 10 – Temporary property tax exemption for homes destroyed by fire
Proposition 10 gives a temporary property tax exemption for homes destroyed by fire.
Per KUT News:
Senate Joint Resolution 84 would exempt homeowners whose property was destroyed by fire from property taxes.
Property owners have to submit an application for an exemption to their county’s chief appraiser no later than 180 days after the fire occurs to qualify. The chief appraiser will recalculate the home’s value if it doesn’t fully qualify and send an updated tax bill if needed.
Seems reasonable.
Recommendation: Yes