Application for 1-d-1 (Open-Space) Agricultural Use Appraisal Applic ... 2025

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The document is an application form (Form 50-129) for obtaining a 1-d-1 agricultural use appraisal for open-space land in Texas. It outlines the eligibility criteria for special appraisal, including requirements related to agricultural use, conservation projects, and wildlife management. The form provides detailed instructions for applicants on how to complete the application, deadlines for submission, and penalties for failing to notify changes in land use. It also includes sections for describing property details, current and past agricultural uses, and wildlife management practices.

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What is appraisal in agriculture?

Definition. Agricultural Appraisal The agricultural valuation assesses the value of land that is used to produce food or products and can encompass a wide variety of different commodities. General types of agricultural land include arable land, permanent land, and pastures.

How much does a farm appraisal cost?

A land appraisal costs an average of $1,300, with most U.S. homeowners paying between $1,000 and $4,000, depending on the lands size, location, and intended use. Knowing the value of a piece of land is an important part of buying or selling property.

What does an agricultural appraiser do?

As an agricultural appraiser, your job is to evaluate the value of agricultural land for loans and real estate transactions. In this role, you may estimate the overall value of a farm or group of livestock, price the equipment the farm owns, and inspect large properties to understand their unique characteristics.

What is an agricultural appraisal?

Qualifications for agricultural tax exemptions vary from state to state, too. Some states base eligibility on the size of the property, while others set a minimum dollar amount for agricultural sales of goods produced on the property. Many use a combination of gross sales and acreage requirements.

What is a 1 D 1 agricultural exemption in Texas?

Farm appraisals are fundamental in valuing agricultural properties accurately. They involve assessing land quality, infrastructure, market conditions, and more. Various appraisal methods ensure a comprehensive property evaluation. Appraisals are critical for financial planning, transactions, and legal compliance.

What are the three main types of appraisals?

There are three internationally accepted methods of measuring the value of property: the cost approach, the sales comparison approach and the income approach. Depending on the nature of the property being valued, one or more of the approaches may be used by the assessor.

Application for 1-d-1 (Open-Space) Agricultural Use Appraisal Applic ... 2025

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