Only after showing proper agricultural usage of the property for 5 of the previous 7 years...Ruark wrote: ↑Sat May 04, 2019 4:44 pmYeah, they need to take a look at that ag exemption business. Heck, we used to have 25 acres. I found a guy to run a dozen of his sheep on it. Bingo, ag exemption.thechl wrote: ↑Thu Apr 11, 2019 9:41 am The real evil is the agricultural exemption. I pay more property tax on my little plot in a suburban neighborhood than many pay for their hundreds of acres that produce little/nothing. But those folks who own vast tracts of land have bought enough legislative influence that the ag exemption will never go away, nor even be modified fairly.
Search found 2 matches
- Sat May 04, 2019 10:46 pm
- Forum: 2019 Texas Legislative Session
- Topic: Property taxes
- Replies: 60
- Views: 29441
Re: Property taxes
- Thu Apr 11, 2019 3:23 pm
- Forum: 2019 Texas Legislative Session
- Topic: Property taxes
- Replies: 60
- Views: 29441
Re: Property taxes
I don't know that that is 100% correct. The land I own with my family is assessed at ~$300K and the "agricultural value" is ~$1K. We pay taxes on the $1K agricultural value. We still pay taxes on the value of the homes on the property, so it isn't like the county/school district aren't getting any money from us.talltex wrote: ↑Thu Apr 11, 2019 2:44 pm The term exemption throws a lot of people off because it sounds like they don't have to pay ANY taxes. They do pay tax on it but at a greatly reduced rate. The exemption reduces the taxable "assessed" value of the land from the appraisal office valuation to 6.5% of the "appraised value". For example a 500 acre ranch "appraised" at $1,000,000.00 would be taxed at the same price as a $65,000.00 house.