Agricultural Appraisal
Ag Valuation Can Cut Taxes on Ranch and Farm Land
Land used for ranching or farming in Tom Green County may be taxed on its productivity value, not its market value — which can be much lower.
Texas has a special tax break for farm and ranch land. Instead of taxing land at what it could sell for, the appraisal district — the office that sets property values — taxes it based on what the land can produce. That means crops, livestock, wool, or similar output. In Tom Green County, sheep, goats, and cattle ranching are common. This break can cut the tax bill a lot.
To qualify, the land must have been in agricultural use for at least five of the past seven years. You apply using Form 50-129 at the Tom Green County Appraisal District.
Watch out for the rollback tax. If you stop farming or ranching the land, you owe back taxes for the past three years at the higher market-value rate. Always check the current rules with the appraisal district or the Texas Comptroller before you buy or change how you use the land.
Source to confirm: Texas Comptroller — Agricultural Special Appraisal