Ag Exemption Info for Williamson County TX
In Williamson County Texas an Agricultural Exemption is actually a Special Valuation. All or a portion of a property may be eligible to receive an Agricultural Valuation and with the market value, the property owner will also receive a production value. You can apply for an Ag Exemption for the same tax year you’re seeking the Ag Valuation if you apply between Jan 1st and April 30th of that year.
Cropland values are based on a five year average of typical income minus typical expenses using a share lease method. Pastureland values are based on typical income minus typical expenses using a cash lease method. Williamson County has a wide range of soil types that require more acreage in some areas than others to produce the same amount of product, therefore there are four different typical minimum acreages and you can see this in the table below.
|Type of Pasture||Typical Acres Per
|Acres Needed for Minimum Animal Units|
|Improved Pasture 1||4 acres||8 acres|
|Native Pasture 1||5 acres||10 acres|
|Improved Pasture 2||8 acres||16 acres|
|Native Pasture 2||9 acres||18 acres|
1 – Pasture land located on the eastside of I-35 2 – Pasture land located on the west side on I-35.
A Rollback Tax is an additional Tax that is imposed when a property owner changes the use of a property from Agricultural to any other use excluding building a house for a personal homestead. The Rollback Tax recovers the property tax the owner would have paid if their land had been taxed at Market Value for the years covered in the Rollback (generally five years).
In order to receive a Wildlife Valuation in Williamson County the property must currently be under Ag Valuation and a new i-d-1 Ag Application must be timely filed along with a 5 year Wildlife Management Plan provided by the Texas Parks and Wildlife Dept.