“Productivity
appraisal” may lower the property taxes on your farm, ranch or timber land!
Texas law allows
farmers, ranchers and timber growers to pay property taxes based upon the
“production value” of their land rather than on market value. This “productivity appraisal” means
qualified land is taxed based on its ability to produce crops, livestock or
timber – not on its value on the real estate market. And it can mean substantial property tax savings.
When is the application deadline?
If your land has never
had a productivity appraisal or you are a new owner, you must apply to your
local appraisal district by April 30 to take advantage of this benefit on your
2004 property taxes. You may get up to
60 extra days if you have a good reason and ask for it by April 30. If you miss this deadline, you may still be
able to apply, but you will pay a penalty.
Check with your appraisal district office.
Do you need to reapply annually?
If your land already
receives agricultural or timber productivity appraisal, you normally don’t need
to reapply unless the chief appraiser requires you to do so. If a new application is required, the
appraisal district will notify you by mail.
If the land changes ownership of any kind, the productivity appraisal
will automatically come off of the account and the new owner will have to
apply.
For more information,
call or come by:
Shelby County Appraisal District
724 Shelbyville Street
Center, Texas
75935
(936) 598-6171
We’ll be happy to
answer your questions and provide you a free copy of
“Texas Property Taxes: Taxpayers’
Rights, Remedies & Responsibilities”
or contact:
Texas Comptroller’s Property Tax Division
P.O. Box 13528
Austin, Texas
78711-3528
or call:
1-800-252-9121