Thinking of buying a small 30 acre spot. How would I find if the land has an ag exemption? How would I go about getting one for ag or wildlife? What exactly does it do for you and what benefits does it provide?
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Exemptions on small property like wildlife or ag, how to?
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Originally posted by KactusKiller View PostThinking of buying a small 30 acre spot. How would I find if the land has an ag exemption? How would I go about getting one for ag or wildlife? What exactly does it do for you and what benefits does it provide?
Taxes will be around $150 a year rather than $2000-$3000
Go to your county appraisal office and apply.
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Originally posted by mjhunter82 View PostMost times you have to either cut hay, timber, or have livestock on said property for 5 years before you can apply. Unless you are purchasing while it already holds exemption.
Didn't know this.
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Originally posted by mjhunter82 View PostMost times you have to either cut hay, timber, or have livestock on said property for 5 years before you can apply. Unless you are purchasing while it already holds exemption.Originally posted by gingib View PostYes this is true for Wildlife
The first thing you should do is confirm with the current owner if the property has the exemption. If it does, get the exemption number at closing and apply immediately in your name for that exemption. You can always change the type later. Just nail down the exemption first. Depending on property location/valuation, it will save you many thousands of dollars in property taxes... It's a hassle for new property but WELL worth it in almost every case.
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Should be able to look up tax info on county appraisal website if you have property info.
As said, needs to be currently ag appraised to convert to wildlife appraisal, but there are various ways to go ag if it isn't already. Probably a visit to the county appraisal office would be best way to get all info and options. GL.
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Originally posted by SaltwaterSlick View PostIt may vary by county, but in the ones I have dealt with, no matter what you use the land for, you will have to apply for 5 years in a row before you will be granted the exemption if the property does not already have the exemption..
I have seen you can only switch to wildlife after being on AG with cows or hay for 5 years.
I don't believe it takes 5 years to get an AG exemption
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Originally posted by KactusKiller View PostHow would I find if the land has an ag exemption? How would I go about getting one for ag or wildlife? What exactly does it do for you and what benefits does it provide?
You apply for exemptions with the Appraisal District of the county the property is in.
The benefit is reduced tax liability.
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Originally posted by SaltwaterSlick View PostIt may vary by county, but in the ones I have dealt with, no matter what you use the land for, you will have to apply for 5 years in a row before you will be granted the exemption if the property does not already have the exemption. Wildlife is just a type of Ag exemption. To get any kind of exemption will take 5 years for a new property that does not already have it.
The first thing you should do is confirm with the current owner if the property has the exemption. If it does, get the exemption number at closing and apply immediately in your name for that exemption. You can always change the type later. Just nail down the exemption first. Depending on property location/valuation, it will save you many thousands of dollars in property taxes... It's a hassle for new property but WELL worth it in almost every case.
Charlie is right on this. You have to apply and be denied for 5 consecutive years before they will grant you a wildlife exemption.
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Originally posted by Abcdj View PostIs there a acreage limit when getting a wildlife or ag exemption?
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