This is our final post in the Special  Use Valuation in Texas series.  If you missed any of the prior posts, click here. Today, we will look at the Wildlife Management Use Valuation (“WMUV”).  Although technically a sub-part of the Open Space Valuation method (Texas Constitution Article VII, Section (1)(d)(1), WMUV has a distinct set of rules apart from other open space land.  These rules are found in the Texas Tax Code Sections 23.51 and 23.521 and the Texas Administrative Code Chapter 9.2001 – 2005.   WMUV is the… Read More →

Today, we continue with our blog series on special use valuation in Texas.  If you are just joining us, here are links to Parts I and II. This blog post will focus on the rules related to Open Space Valuation (“OSV”).  Passed in 1978, more than a decade after Agricultural Use Valuation, this method is governed by Article VIII, Section 1(d)(1) of the Texas Property Code and Sections 23.51-59 of the Texas Tax Code.  This valuation method may also frequently be referred to as “1(d)(1) valuation.”  A one-time application… Read More →

This marks our second post in our Special Use Valuation in Texas blog series.  If you missed the initial post, click here. Today, we will kick things off by looking at Agricultural Use Valuation (“AUV”).   This method was passed into law in 1966 and is governed by Article VIII, Section (d)(1) of the Texas Constitution and Sections 23.41-47 of the Texas Tax Code.  This is the oldest valuation method available for agricultural land, and perhaps that with the most stringent requirements.  An annual application must be filed with… Read More →

Most Texas landowners are aware of the special use valuation methods available to agricultural landowners that allow property taxes to be calculated based on productive agricultural value, as opposed to market value of the land.  Importantly, this is not a “tax exemption,” for agricultural landowners, but instead is an alternative way to calculate property taxes owed. This blog series will address the basic concept of special use valuation, and will then walk through the three valuation methods available to agricultural landowners: agricultural use valuation; open space valuation; and… Read More →