Ag Valuation
Farmland and timber land can be taxed on productivity, not market value
In Morris County, land used for farming, ranching, or timber production may qualify for a special lower tax appraisal based on what the land can produce rather than what it could sell for.
Texas law lets qualifying farm and timber land be taxed on what it can produce, not what it could sell for. That is called productivity value. It is often much lower than market value. In Morris County — which has timber and cattle operations — this can mean a much smaller tax bill each year.
To qualify, the land must have been used for farming or timber for at least five of the past seven years. You apply at the Morris County Appraisal District. The appraisal district is the office that sets property values in the county. If you stop using the land for farming or timber, a rollback tax may apply. That means you could owe back taxes for up to five years. The Texas Comptroller's website explains the full rules. If you want a sales-tax exemption on farm or timber supplies, you also need a registration number from the Comptroller.
Source to confirm: Texas Comptroller — Agricultural, Timberland and Wildlife Management Special Appraisal