State Tax Laws > Property Taxes > Texas (Summary)

Tax Type: Productivity value

Description: Landowners may apply for special appraisal based on their land's productivity value rather than what the land would sell for on the open market.

Law: Sec. 23.72 Tax Code

Objective: Typically, a productivity value is lower than market value, which lowers property taxes. Open-space land devoted to timber production is entitled to taxation on the basis of its productive capacity.

Forest Tax Program Requirements

Min/Max Acreage: N/A

Min. Stocking Growth: N/A

Forest Management Plan: N/A

Evidence of Use: Devoted five of the preceding seven years to the production of timber or forest products.

Duration of Enrollment: Indefinite

Penalties for Use Change: Tax imposed equal to the difference between the taxes imposed on the land for each of the five years preceding the year in which the change of use occurs and the tax that would have been imposed, plus interest at a rate of 7%.

Program Administration

State: N/A

County Tax Assessor and Commissioner: Determines validity of application.

University: N/A

Landowner: N/A

For a more in depth discussion of Texas property taxes click here!