In a recent government meeting, officials addressed critical questions regarding property tax implications for homeowners whose residences become uninhabitable. Under state law, homeowners may qualify for a tax rebate on their 2024 property taxes if their home is uninhabitable for 30 days or more. To access this rebate, homeowners must complete a specific form and provide documentation proving their home's condition.

The meeting also clarified how property values would be assessed for 2025. If a property remains uninhabitable, its value will likely be based on the land alone. Homeowners with homestead exemptions or non-homestead caps were informed that they could rebuild their homes up to 110% of their pre-event size without losing their tax cap. For instance, a homeowner with a 1,600 square foot home could rebuild up to 1,760 square feet while retaining their original tax cap.

Additionally, if homeowners choose to elevate their properties to enhance resilience against future flooding, the heated square footage will be considered under the 110% rule, provided no additional heated space is added. This approach aims to encourage homeowners to make their properties more resilient without incurring additional tax penalties.

Officials emphasized that their office does not issue building permits or determine flood zones but can provide market value estimates for tax purposes. A new online tool, the 50% rule calculator, has been launched to assist homeowners in understanding their property’s value in relation to federal assistance programs. This resource aims to provide clarity and support for homeowners navigating the complexities of property tax regulations following significant damage.