Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Followed Discussions Followed Categories Followed People Followed Locations
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Travis Williams

Travis Williams has started 1 posts and replied 1 times.

Long time reader, first time poster.  Started purchasing rental properties in 2014 and currently have 14 single family residential properties in southeast Texas.  Unfortunately, we experienced damage to all our properties thanks to Hurricane Harvey in August 2017.  In my researching Texas' Property Tax Code I came across chapter 31.032, INSTALLMENT PAYMENTS OF TAXES ON PROPERTY IN DISASTER AREA. This chapter essentially allows for interest and penalty free payments of property taxes. The four installments are to be due February 1st, April 1st, June 1st and August 1st.

Based on my reading of chapter 31.032, I delivered formal notice via a letter along with my first installment payment to the local tax assessor. My local tax assessor indicated that chapter 31.032 did not apply to my situation because the properties are not homestead. I pointed out that that is not the only qualification, and that if the property is used for residential purposes and has less than 5-units it was applicable. Furthermore, I pointed out that we were also eligible based on a second qualification that because our properties are owned by a business entity and our gross receipts were less than a particular calculation which is adjusted yearly and currently at approximately $5.7M. Are gross receipts are much less than this amount.

Was wondering if any other investors within Texas have been successful in paying their disaster damaged property taxes in four, interest and penalty, installments as allowed by Texas Property Tax code 31.032? And if so what county was it in? Trying to determine if this is something I should pursue further legally, or just pay all of the taxes now. Would much rather keep the money in my control for as long as possible.

Oh, forgot to mention that all of these properties are located on Orange County, Texas.

Thanks in advance for your insight.