The Texas Constitution permits qualified open-space land to be taxed generally at a productivity value instead of market value.
The “Manual for the Appraisal of Agricultural Land”, Property Tax Division, Comptroller of Public Accounts, January 2017, supports these guidelines. It is the opinion of the Williamson Central Appraisal District (WCAD) that the attached Agricultural Land Qualification Guidelines are valid for mass appraisal purposes and can be applied uniformly throughout the jurisdiction WCAD. Agricultural Land Qualification Guidelines Counties we have worked with seem to be using “orchard values” on the property once it goes into AG, which means thousands of dollars in tax savings for you.Applications are currently being accepted for Appraisal Review Board members for the 2024 tax appeal season. BUT, if you have HIGH property taxes now, you will likely be VERY pleased with the new valuation. The Ag valuation savings number is different for everyone depending on what county you are in and how many acres you have and your land values, of course. Either take a homestead exemption or be working on AG, not both at once on the same acreage. No ‘double-dipping’ with your exemptions. Keep in mind as you are working AG, you won’t qualify for the homestead exemption on those extra acres, so your taxes will be higher until you achieve AG. The remainder of land (minimum of 5 acres) will be to start the new AG valuation. If you live on the land and have your house and homestead there, you will need to set aside approximately 1 acre of the land for your house/homestead.
Frame Inspections WHAT ABOUT MY HOMESTEAD EXEMPTION? Each county appraisal district sets their own rules for eligibility, so be sure to talk with your county appraisal district and to stay current with rules year to year.
That means you utilize the land in beekeeping for 5 years in a row and the 6th year your taxes will go down if you meet all the requirements for your county. AG use is required for 5 of the last 7 years in order to begin receiving the lower valuation. You may be able to buy or lease bee colonies to keep on your land and lower your property taxes. 23.51 – (2) “Agricultural use” includes but is not limited to the following activities: ….”The term also includes the use of land to raise or keep bees for pollination or for the production of human food or other tangible products having a commercial value, provided that the land used is not less than 5 or more than 20 acres.” 5-20 ACRES OF LANDĪmount of land required and you must not live in a subdivision that has restrictions against bees or AG usage. Texas Tax Code: Chapter 23, Subchapter D. Or maybe you want cute little goats, like I did, until my husband told me to “google: GOAT ON CAR”! Not my car, no thanks! Now we keep bees and we can help you get started with an amazing hobby or part-time business! STATE LAW CHANGED IN 2012: BEES DON’T NEED FENCES! And that’s just one advantage of using beekeeping for AG valuation instead of raising cattle on your 5-20 acre parcel.
0 kommentar(er)
