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Feb 12th, 2024
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 Land Purchase - Ag Exemption Transfer?
#8380989
09/10/21 04:17 PM
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Joined: Mar 2011
Posts: 2,062
Toxarch
OP
Veteran Tracker
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OP
Veteran Tracker
Joined: Mar 2011
Posts: 2,062 |
Just purchased a ranch and it currently has a cattle lease and an existing Ag exemption. Is there any way to have that existing exemption transferred over to me or do I have to wait to apply for next year?
It is far more important to be able to hit the target than it is to haggle over who makes a weapon or who pulls a trigger.
� Dwight D. Eisenhower
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Re: Land Purchase - Ag Exemption Transfer?
[Re: Toxarch]
#8381020
09/10/21 04:34 PM
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Joined: Nov 2014
Posts: 7,783
Mr. T.
THF Trophy Hunter
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THF Trophy Hunter
Joined: Nov 2014
Posts: 7,783 |
Does Texas ag exemption transfer to new owner?
Now, when you purchase a property that is under an ag valuation, you'll have to maintain that valuation. (if it has cattle on it, you have to keep cattle on it, if raising hay, you need to continue to raise hay. It doesn't automatically transfer for you. You have to apply for that valuation with the tax appraisal district. May 11, 2021
It requires a plan that has to be approved by the appraisal district. It's not hard, but it does take a little effort to apply
Cabin rental in Pagosa Springs, Co.
Sleeps 10, If interested please PM me.
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Re: Land Purchase - Ag Exemption Transfer?
[Re: Toxarch]
#8381039
09/10/21 05:03 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 |
Contact the county CAD, ask them what is necessary to keep the current 1d1 property tax valuation upon change in ownership.
Many counties have all info available online.
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Re: Land Purchase - Ag Exemption Transfer?
[Re: Toxarch]
#8382380
09/12/21 12:09 AM
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Joined: Mar 2011
Posts: 2,062
Toxarch
OP
Veteran Tracker
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OP
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Joined: Mar 2011
Posts: 2,062 |
As far as the property taxes go, the Title company already collected that for the remainder of the year. Applying for the exemption for next year should not be a problem. I am just wondering if there is a way to get the current ag exemption under my name so that I can use it for feed, equipment, etc., right now.
Last edited by Toxarch; 09/12/21 12:09 AM.
It is far more important to be able to hit the target than it is to haggle over who makes a weapon or who pulls a trigger.
� Dwight D. Eisenhower
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Re: Land Purchase - Ag Exemption Transfer?
[Re: Toxarch]
#8382393
09/12/21 12:23 AM
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Joined: Mar 2013
Posts: 5,035
jetdad
THF Trophy Hunter
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THF Trophy Hunter
Joined: Mar 2013
Posts: 5,035 |
You're wanting an exemption from sales tax. You have to go through the state for that.
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Re: Land Purchase - Ag Exemption Transfer?
[Re: Toxarch]
#8382471
09/12/21 01:51 AM
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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 |
Ag/timber sales tax exemption info —-> Tx comptroller
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Re: Land Purchase - Ag Exemption Transfer?
[Re: Rustler]
#8383663
09/13/21 11:54 AM
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Joined: Nov 2014
Posts: 7,783
Mr. T.
THF Trophy Hunter
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THF Trophy Hunter
Joined: Nov 2014
Posts: 7,783 |
^^^^^This.......very easy and can be done on line. 
Cabin rental in Pagosa Springs, Co.
Sleeps 10, If interested please PM me.
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Re: Land Purchase - Ag Exemption Transfer?
[Re: Mr. T.]
#8384920
09/14/21 02:54 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 |
^^^^^This.......very easy and can be done on line. Bingo, this is it for the sales tax. If you want to buy dyed diesel, you will need a separate application for that. You will have to apply for the property tax exemption yourself for next year, the title company will not do that.
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