Ag Valuation
Farm and Ranch Land Can Be Taxed on Productivity, Not Market Value
Land actively used for farming or ranching in Wilbarger County may qualify for a lower tax rate based on what the land can produce, not what it would sell for.
Texas law lets farm and ranch land be taxed on what it can produce, not what it would sell for. This is called productivity value. Productivity value is usually much lower than market value. That means a lower tax bill for the landowner. To qualify, the land generally must have been used for farming or ranching for at least five of the last seven years.
If you sell or develop the land for something other than agriculture, a rollback tax kicks in. You owe back taxes for the prior three years at market rates, plus interest. Apply through the Wilbarger County Appraisal District. Check the Texas Comptroller's page for current forms and eligibility details.
Source to confirm: Texas Comptroller — Agricultural, Timberland and Wildlife Management Use Special Appraisal