![]() Just a bit of history might help you understand better. You must apply by the deadline and you must submit proof to show you qualify. But the appraisal office doesn’t just automatically assume a property qualifies for the Texas Ag Exemption. So you want your taxes based on agricultural value, not the market value. The assessed value of your property dictates the amount of tax you will owe. In general, the market value of any given property will assess for a higher amount than the agricultural value of the land. But how do they come up with the number that you owe each year? They figure out how much your property is worth and base it on that. The appraisal district is the name of the office in each county where you pay. Technically, it is a “county appraisal district assessment valuation.” That sounds confusing, so let’s take a closer look. But the common term is Ag Exemption, so we will stick with that.Īn Ag Exemption is really another way of valuing a property resulting in much lower taxes than a market valuation. ![]() The first thing to understand about an Ag Exemption is that it actually isn’t an exemption at all. The Central Appraisal District shall not be liable for any damages whatsoever arising out of any cause relating to use of this application, including but not limited to mistakes, omissions, deletions, errors, or defects in any information contained in these pages, or any failure to receive or delay in receiving information.This article explores the question, “What is a Texas Ag Exemption?” The Texas Ag Exemption is fairly complex. So what is it? And why is it important if you are buying horse properties, land or ranches in Texas? EXEMPTION OR ASSESSMENT VALUATION? By using this application, you assume all risks arising out of or associated with access to these pages, including but not limited to risks of damage to your computer, peripherals, software and data from any virus, software, file or other cause associated with access to this application. Verification of information on source documents is recommended. Original records may differ from the information on these pages. The Central Appraisal District reserves the right to make changes at any time without notice. The Central Appraisal District makes no warranties or representations whatsoever regarding the quality, content, completeness, accuracy or adequacy of such information and data. The information included on these pages has been compiled by District staff from a variety of sources, and is subject to change without notice. Bastrop CAD is governed by the Board of Directors, who is primarily responsible for the hiring of the Chief Appraiser as well as approving the annual budget.Įvery effort has been made to offer the most current and correct information possible on these pages. ![]() The Appraisal District’s primary responsibility is to develop an annual appraisal roll for use by taxing units in imposing ad valorem taxes on property in the district. Appraisals established by Bastrop CAD allocate the year’s tax burden on the basis of each taxable property’s January 1st market value. The district appraises property according to the Texas Property Tax Code and the Uniform Standards of Professional Appraisal Practices (USPAP).Įach taxing unit, such as the county, a city, school district, municipal utility district, etc., sets its own tax rate to generate revenue to pay for such things as police and fire protection, public schools, road and street maintenance, courts, water and sewer systems, and other public services. Bastrop Central Appraisal District is responsible for local property tax appraisal and exemption administration for the jurisdictions (taxing units) within Bastrop County, Texas. Within this site you will find general information about the District and the ad valorem property tax system in Texas, as well as information regarding specific properties within the district.
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