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Please explain Timber exemption
#7828974
05/04/20 06:29 PM
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Joined: Nov 2017
Posts: 19,275
Biscuit
OP
THF Celebrity
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OP
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Joined: Nov 2017
Posts: 19,275 |
If I buy a piece of property in 2020 and apply for timber exemption ( it is in Piney Woods region ) can I get the exemption for my first year taxes ?
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Re: Please explain Timber exemption
[Re: Biscuit]
#7829035
05/04/20 07:12 PM
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Joined: Aug 2016
Posts: 2,451
Dalroo
Veteran Tracker
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Veteran Tracker
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Not an expert, but would say maybe yes, maybe no. If it is currently under Ag Valuation (timber, farm, ranch, etc.), easy to switch/renew under new owner's name, but there is some paperwork to do. If not currently under Ag Valuation this is a much longer process - 5 years at least. Again, how I understand it, you have to prove Ag use for the past 5 of 7 years to successfully apply. Suggest you call the respective county appraisal district for guidance, but this can be a pain. And remember, if the land is under current Ag Valuation, but has not be used as such for past 5 of 7, the NEW owner can be held responsible for the difference in past taxes. It is confusing, but be careful you don't get stuck.
Dalroo Deep in the Heart of Texas How about that Brandon!
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Re: Please explain Timber exemption
[Re: Biscuit]
#7829359
05/04/20 10:41 PM
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Joined: Aug 2008
Posts: 14,950
don k
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You get exemptions on what you purchase if it meets what they exempt if you have an Ag Timber Exemption. As for county land taxes you may have to prove you are really selling timber. We don't have timber except cedar and I really can't see anyone getting an exemption for that.
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Re: Please explain Timber exemption
[Re: Biscuit]
#7829576
05/05/20 01:35 AM
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Joined: Jan 2019
Posts: 570
Papalote
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Tracker
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Read up on it at the Texas comptroller's website. Several requirements must be met, maintained. My ag exemption was denied because they saw no livestock on the place. I explained pasture rotation to them and provided game camera pics to prove it. Same thing on my hay pasture. I always document agriculture activity. Exemptions were renewed.
Papalote
Last edited by Papalote; 05/05/20 01:37 AM.
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Re: Please explain Timber exemption
[Re: Biscuit]
#7830149
05/05/20 04:52 PM
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Joined: Mar 2007
Posts: 5,225
Rustler
THF Trophy Hunter
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THF Trophy Hunter
Joined: Mar 2007
Posts: 5,225 |
Depends on if the property is currently property tax appraised as ag/timber/wildlife valuation now, prior to sale / previous owner. ---> TX comptroller, property tax ag-timber-wildlife Then check with the county CAD.
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Re: Please explain Timber exemption
[Re: Biscuit]
#7831112
05/06/20 12:51 PM
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Joined: Aug 2007
Posts: 1,084
supersixfour
Pro Tracker
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Pro Tracker
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I bought a property in East Texas in 2018. It had a timber exemption with the previous owner, but it didn't transfer over to me. I applied for and received the exemption for 2019 by filling out a single form with the county appraisal district. If you aren't sure the county appraisal district can mail you the form(s), just give them a call. Be mindful of deadlines, and to be safe contact them after you've applied to make sure they've received everything and don't need any additional info. It's worth your time, it saved me a lot of money on taxes.
NRA Life Member
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Re: Please explain Timber exemption
[Re: Biscuit]
#7831437
05/06/20 05:20 PM
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Joined: Nov 2017
Posts: 19,275
Biscuit
OP
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OP
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Joined: Nov 2017
Posts: 19,275 |
supersixfour - thank you. Makes me feel better. I'm looking around the same area as you. Linden, Hughes Springs, Jefferson
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Re: Please explain Timber exemption
[Re: Biscuit]
#7831952
05/07/20 12:39 AM
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Joined: Nov 2014
Posts: 7,789
Mr. T.
THF Trophy Hunter
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THF Trophy Hunter
Joined: Nov 2014
Posts: 7,789 |
I bought in Cass county in 2017. Just as Supersixfour said, it had a timber exemption in place but I had to fill out a form and send it in to have transferred over to my name. This year I pay about 2.80 per acre in taxes because of exemption.
Cabin rental in Pagosa Springs, Co. Sleeps 10, If interested please PM me.
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Re: Please explain Timber exemption
[Re: supersixfour]
#7832150
05/07/20 04:16 AM
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Joined: Jan 2013
Posts: 1,833
sparrish8
Pro Tracker
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Pro Tracker
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Posts: 1,833 |
I bought a property in East Texas in 2018. It had a timber exemption with the previous owner, but it didn't transfer over to me. I applied for and received the exemption for 2019 by filling out a single form with the county appraisal district. If you aren't sure the county appraisal district can mail you the form(s), just give them a call. Be mindful of deadlines, and to be safe contact them after you've applied to make sure they've received everything and don't need any additional info. It's worth your time, it saved me a lot of money on taxes. This is true if it had a previous exemption but for new propertys trying to get exempt it takes 5 years for wildlife or cattle so I'm sure this is the same.
Last edited by sparrish8; 05/07/20 04:16 AM.
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Re: Please explain Timber exemption
[Re: Biscuit]
#7837271
05/12/20 05:12 PM
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Joined: Jul 2008
Posts: 3,805
Big_Country01
Extreme Tracker
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Extreme Tracker
Joined: Jul 2008
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What county are you looking in? Each county appraisal district has different stipulations. I am in Upshur County. The minimum is 10 acres producing trees. In Wood County, the minimum is 5 acres of pine plantation or 10 acres of natural timber. Both counties require a written Forest Management Plan to be on file with the appraisal district.
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Re: Please explain Timber exemption
[Re: sparrish8]
#7837277
05/12/20 05:14 PM
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Joined: Jul 2008
Posts: 3,805
Big_Country01
Extreme Tracker
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Extreme Tracker
Joined: Jul 2008
Posts: 3,805 |
I bought a property in East Texas in 2018. It had a timber exemption with the previous owner, but it didn't transfer over to me. I applied for and received the exemption for 2019 by filling out a single form with the county appraisal district. If you aren't sure the county appraisal district can mail you the form(s), just give them a call. Be mindful of deadlines, and to be safe contact them after you've applied to make sure they've received everything and don't need any additional info. It's worth your time, it saved me a lot of money on taxes. This is true if it had a previous exemption but for new propertys trying to get exempt it takes 5 years for wildlife or cattle so I'm sure this is the same. This varies county by county, also. In Upshur and Wood counties, as long as the property has been producing trees, they will give the exemption to you. (provided you meet the minimums)
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Re: Please explain Timber exemption
[Re: Biscuit]
#7837441
05/12/20 08:06 PM
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Joined: Dec 2015
Posts: 228
pine knott
Woodsman
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Woodsman
Joined: Dec 2015
Posts: 228 |
I have found county to county to be different. Did management plan for friend in Harrison Co. who inherited land and was told 5 years. I did one in Upshur Co. and it was no problem.
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