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Taxes
#8647212
07/23/22 03:00 PM
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Joined: Oct 2013
Posts: 1,331
Dave Scott
OP
Pro Tracker
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OP
Pro Tracker
Joined: Oct 2013
Posts: 1,331 |
Someone told me your taxes could go up if you bought agricultural land but used it only for hunting???
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Re: Taxes
[Re: Dave Scott]
#8647214
07/23/22 03:02 PM
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Joined: Nov 2014
Posts: 7,793
Mr. T.
THF Trophy Hunter
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THF Trophy Hunter
Joined: Nov 2014
Posts: 7,793 |
Cabin rental in Pagosa Springs, Co. Sleeps 10, If interested please PM me.
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Re: Taxes
[Re: Dave Scott]
#8647223
07/23/22 03:11 PM
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Joined: Nov 2009
Posts: 935
DUKFVR
Tracker
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Tracker
Joined: Nov 2009
Posts: 935 |
Someone told me your taxes could go up if you bought agricultural land but used it only for hunting???
Yep, if not in ag exemption or wildlife exemption you will get hammered on taxes.
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Re: Taxes
[Re: Dave Scott]
#8648653
07/25/22 06:12 PM
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Joined: Oct 2013
Posts: 1,331
Dave Scott
OP
Pro Tracker
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OP
Pro Tracker
Joined: Oct 2013
Posts: 1,331 |
Let's talk. What exactly do you need for the agriculture and what on the wildlife? In other words if you only have 40-80 acres in Big Bend, etc. Pretty much desert.
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Re: Taxes
[Re: Dave Scott]
#8648761
07/25/22 08:36 PM
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Joined: Nov 2020
Posts: 1,639
Texas452
Pro Tracker
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Pro Tracker
Joined: Nov 2020
Posts: 1,639 |
All my properties have ag exemption, it was like that when I bought them and I kept running cattle. If it doesn’t have ag exemption now it will take 5 years, if it does it’s probably leased to someone that leases a lot of properties pooled together. You can pull up what it takes for wildlife exemption. Some counties are a little more/less forgiving than others. Land out that way isn’t too expensive, I would check to see what the taxes are now as is if it hasn’t already have the exemption.
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Re: Taxes
[Re: Dave Scott]
#8648906
07/25/22 10:51 PM
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Joined: Aug 2012
Posts: 2,813
nak
Veteran Tracker
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Veteran Tracker
Joined: Aug 2012
Posts: 2,813 |
Not only do taxes go up if you do not maintain the requirements for a previously Ag exempt property, in certain cases you can owe back taxes from periods before you owned the propety
We all need to practice Whoa more.
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Re: Taxes
[Re: nak]
#8649039
07/26/22 01:08 AM
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Joined: Jun 2006
Posts: 8,423
Dave Davidson
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jun 2006
Posts: 8,423 |
Not only do taxes go up if you do not maintain the requirements for a previously Ag exempt property, in certain cases you can owe back taxes from periods before you owned the propety When is that?
Without a sense of urgency, nothing ever happens.
Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley, Rancher Muleshoe Texas 1892-1985 RIP
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Re: Taxes
[Re: Dave Davidson]
#8649497
07/26/22 06:33 PM
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Joined: Nov 2014
Posts: 7,793
Mr. T.
THF Trophy Hunter
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THF Trophy Hunter
Joined: Nov 2014
Posts: 7,793 |
Not only do taxes go up if you do not maintain the requirements for a previously Ag exempt property, in certain cases you can owe back taxes from periods before you owned the propety When is that? If land receiving an agricultural appraisal changes to a non-agricultural use, the property owner who changes the use will owe a rollback tax. The rollback tax is due for each of the previous three years in which the land got the lower appraisal.
Cabin rental in Pagosa Springs, Co. Sleeps 10, If interested please PM me.
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Re: Taxes
[Re: Dave Scott]
#8649550
07/26/22 07:56 PM
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Joined: Mar 2007
Posts: 5,227
Rustler
THF Trophy Hunter
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THF Trophy Hunter
Joined: Mar 2007
Posts: 5,227 |
Let's talk. What exactly do you need for the agriculture and what on the wildlife? In other words if you only have 40-80 acres in Big Bend, etc. Pretty much desert. The most accurate info will come from the CAD where the property is located. Many CAD's have info / requirements on their web site, some you hafta call.
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Re: Taxes
[Re: Mr. T.]
#8649671
07/26/22 10:48 PM
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Joined: Jul 2013
Posts: 6,159
tlk
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jul 2013
Posts: 6,159 |
Not only do taxes go up if you do not maintain the requirements for a previously Ag exempt property, in certain cases you can owe back taxes from periods before you owned the propety When is that? If land receiving an agricultural appraisal changes to a non-agricultural use, the property owner who changes the use will owe a rollback tax. The rollback tax is due for each of the previous three years in which the land got the lower appraisal. This is accurate - can be a pot of taxes due
Last edited by tlk; 07/26/22 10:49 PM.
You can't fix stupid
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Re: Taxes
[Re: Texas452]
#8658938
08/07/22 11:23 PM
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Joined: Sep 2007
Posts: 4,313
oldoak2000
Extreme Tracker
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Extreme Tracker
Joined: Sep 2007
Posts: 4,313 |
All my properties have ag exemption, it was like that when I bought them and I kept running cattle. If it doesn’t have ag exemption now it will take 5 years, if it does it’s probably leased to someone that leases a lot of properties pooled together. You can pull up what it takes for wildlife exemption. Some counties are a little more/less forgiving than others. Land out that way isn’t too expensive, I would check to see what the taxes are now as is if it hasn’t already have the exemption. Yup - even if county was giving ag exemption to previous owner - this gets 'reset' the moment you buy it, and you have to submit a new application, and if you cannot provide evidence for 5 out of the 7 previous years ( before you owned it), the clock gets set to -0- and it will be 5 years before you get an ag exempt (assuming you keep records/evidence for your application), AND you will need to meet the county's updated requirements for what is allowed as ag exempt (county may have new minimums). NOTE - the fact that the county was giving an ag exempt to the previous owner DOES NOT automatically count as 'evidence' to support/meet your pleading/ new application requirements!! As mentioned earlier, some counties (more rural) will be more lenient on the above - but the above is essentially state-wide, so do your due diligence BEFORE locking yourself into a deal.
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Re: Taxes
[Re: Dave Davidson]
#8659602
08/08/22 09:58 PM
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Joined: Oct 2021
Posts: 6
Setafavn
Green Horn
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Green Horn
Joined: Oct 2021
Posts: 6 |
As a property tax consultant, I know these things.... the CAD can go back 2 years and correct for exemptions.
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Re: Taxes
[Re: Dave Scott]
#8661895
08/11/22 10:39 PM
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Joined: Dec 2020
Posts: 1,443
Sewer rat
Pro Tracker
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Pro Tracker
Joined: Dec 2020
Posts: 1,443 |
Taxes on 40-80 acres in the big bend area likely aren't much even with no exemptions.
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