11/22/2023 0 Comments Texas ag exemption land requirementsThis means agricultural landowners will have their property taxes calculated based on productive agricultural values, as opposed to market value of the land. The difference between an Ag exemption and a homestead exemption is an Ag exemption is not really an exemption, but instead is a special valuation. What is the difference between an Ag exemption and a homestead exemption?.Learn more about how to buy ag exempt land in Texas here. If so, be sure to maintain that valuation after purchase to avoid rollback property taxes. Once you’ve found land to purchase, check to see if it already has an ag valuation. It’s helpful to work with a real estate agent who has experience with rural land and understands your county’s acreage minimum requirements for ag exemption. For example, you could save more than $2,000 on your property tax bill in Colorado County if you owned 15 acres of ag exempt land. This will depend on your county’s individual tax rate, which varies.
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