Agricultural Appraisal
Ag Valuation Can Cut Taxes on Rural Land
Land used mainly for farming or ranching can be taxed on its agricultural value instead of its market value, which is usually much lower.
This is called a 1-d-1 open-space agricultural appraisal. To qualify, the land must have been used for agriculture for at least five of the past seven years. Common qualifying uses include raising cattle, growing crops, and hay production. Land that was already in ag use can also qualify for wildlife management use.
You apply through McLennan Central Appraisal District. The deadline to apply for the first time is generally April 30. If you later sell or convert the land, you may owe rollback taxes for up to three prior years. Ask MCAD about current requirements before buying rural land.
Source to confirm: Texas Comptroller — Agricultural and Timber Use Special Appraisal