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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsVictims In Texas Fertilizer Plant Explosion May Still Have To Pay Property Taxes
West, Texas continues to be rocked by the aftermath of the fertilizer plant explosion last month. Victims are now discovering they may still have to pay property taxes on their destroyed homes. While these homeowners can file protests until the end of May, the law requires property values to be determined on January 1 of the tax year. Local governments are allowed to reappraise homes after natural disasters, but the fertilizer plant explosion was very much a man-made calamity.
Even the mayor, Tommy Muska, has filed to protest the property value of his home, which is so badly damaged from the blast that it may cost $300,000 to repair. However, the mayor noted, granting victims relief is a double-edged sword, as the town will flounder from the millions of lost tax dollars. The magnitude of the explosion, which claimed 15 lives and injured 160 others, also devastated a huge chunk of Wests much-needed revenue for many years to come:
Hahn estimated that West lost at least $29 million in taxable value as a result of the blast, not counting damage to nontaxable property such as schools, water tanks and infrastructure.
That amount represents more than one-fifth of Wests tax base of $140.4 million, according to preliminary values. Hahn said losing that much revenue this year would hobble the finances of the city and West Independent School District when they need the money the most.
full article
http://thinkprogress.org/economy/2013/05/10/1995211/victims-in-texas-fertilizer-plant-explosion-may-still-have-to-pay-property-taxes/
SDjack
(1,448 posts)DonViejo
(60,536 posts)like give the victims used coffee cans so they can go door-to-door to collect money. I'll bet Perry even demands malls and other places of business, e.g. WalMart, relax their "no fundraising" policies so the victims can collect money at the doors of the businesses