“PRODUCTIVITY APPRAISAL” MAY LOWER YOUR TAXES
By May 1, 2012, check with your Appraisal District to see if you as a farmer, rancher, wildlife manager and timber grower can adjust your property taxes based upon the productivity value of your land rather than on market value. This means qualified land is taxed on its ability to produce crops, livestock or timber – not on its value on the real estate market. Can mean a substantial property tax savings. Should not have to be done annually, but your county appraiser can let you know if they need look at it again. This is from the Smith County Appraisal District at 903-510-8600 or Texas Comptroller Susan Combs at 1-800-252-9121 and press “2″ then “1″.