Why claiming unclaimed money now could help Texas residents during the holidays
Acting Comptroller Kelly Hancock said, “Every dollar in our Unclaimed Property program belongs to a Texan, not the government,” adding, “This time of year, especially, even a small amount can make a meaningful difference for families. I encourage every household in the Houston area to take a moment to search — it’s simple, it’s secure and it just might put a little extra money back in your pocket for the holidays,” as quoted by The Mirror report.
Other US states returning millions in unclaimed property
Texas isn’t alone in returning unclaimed property. Pennsylvania recently returned $22 million to residents, with average checks around $1,000, while New York issued refunds of up to $250, highlighting the impact these programs can have for households.
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How Texas residents can claim money
Residents can easily check if they are owed money through the state’s online portal, ClaimItTexas.gov, as per The Mirror report. The site allows individuals to search for unclaimed property using their name or the names of family members. If any assets are found, the site provides step-by-step instructions to claim them, free of charge. Even if no property is found, users can file a negative report to confirm their records are clear, as per The Mirror report.
How much money is owed across Texas regions
Local reports indicate the scale of unclaimed property varies by region. El Paso County has about $185.3 million unclaimed, while the Rio Grande Valley has roughly $125 million. Austin residents could claim around $622 million, and the Houston area leads with an estimated $2 billion available.
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FAQs
What is unclaimed property in Texas?
It includes forgotten bank accounts, uncashed checks, utility deposits, insurance proceeds, and mineral royalties.
How much unclaimed money does Texas have?
Texas currently holds more than $10 billion in unclaimed property.