Reports Of Property Value Instructions - Texas Comptroller Of Public Accounts Page 13
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28the wildlife management reported for the district in the
Please describe any factors that might affect the value of
properties in the district. Please use the space provided
“Acreage Breakdown of District” section (Item 35).
or additional sheets, if necessary. Examples are land locat-
Item 37. Transition to Timber Breakdown. Tax Code
ed in the flood plain, loss of businesses from the tax roll,
Section 23.59 refers to open-space land that has been ap-
depleting oil and gas resources, irregular size and shape of
praised for at least five years for agricultural productivity
vacant lots and loss in value caused by flood and drought.
value and then is converted from agricultural production
to timber production after Sept. 1, 1997. The land may
Please sign and date this report, and write your title and
office phone number in the appropriate spaces.
continue to be appraised, at the landowner’s option, un-
der the same agricultural category for 15 years from the
Return the original and one copy of each document
date of conversion to timber production. The total of each
requested by the due date to the address shown on
column should equal the corresponding amount for the
Page 2.
transition to timber reported for the district in the acreage
breakdown section (Item 35). Report the acreage, produc-
tivity value and market value for land that is in transition.
2007 Report on Value Lost
Item 3 8. T imberland a t P roductivity B reakdown. For land
Because of the School Tax
currently reported under “Timberland at Productivity, ”
Limitation on Homesteads for
report the number of acres, total market value, and total
productivity or taxable value of each class of timberland.
the Elderly/Disabled
(Tax Ceiling)
The column totals for this item should equal the corre-
sponding amount for the timber at productivity reported
Please complete all sections of the report and submit the
for the district in the acreage breakdown section (Item 35).
original and one copy of each requested document. A
Timberland values are assigned based on twelve classes –
school district may not increase the total annual amount
three timber types: pine, mixed, and hardwood; and four
of ad valorem tax it imposes on the residence homestead
soil productivity classes, I being the most productive and
of an individual 65 years or older above the amount of the
IV the least. (For further discussion of proper classifica-
tax it imposed in the first year the individual qualified that
tion of timberlands, see the Manual for the Appraisal of
residence homestead for the “over-65” exemption. Please
Timberland adopted by rule of the Comptroller’s Office
use the following calculations to determine the levy lost
and available on our Web site at
to the tax freeze. (This report is also known as the “Freeze
tx.us/taxinfo/proptax/timber04/index.html.)
Form. ” )
Item 39. Timberland at Restricted Use Breakdown. For
Item 1. Total number of age 65 or older, disabled and
land currently reported under “Timberland at Restricted
qualified age 55 or older surviving spouse homesteads in
Use, ” report the number of acres, total market value and
the school district on which a tax ceiling exists for the
total productivity or taxable value of each class of tim-
2007 tax year.
berland. The column totals for this item should equal the
corresponding amount for the timber at restricted use re-
Item 2. The 2007 total appraised value (if the value is
ported for the district in the acreage breakdown section
capped at 10 percent per year, use the capped value) of the
(Item 35).
age 65 or older, disabled and qualified age 55 or older sur-
viving spouse homesteads reported in Item 1 above before
Item 40. Top ten taxpayers. List the top 10 taxpayers in
the exemptions are deducted.
your district in descending order, based on total taxable
Item 3. The 2007 total appraised value lost to allowable
value. Although the report requests appraised and tax-
able values for each taxpayer, inclusion on the list is based
exemptions granted on the age 65 or older, disabled and
on the taxpayer’s total taxable value rather than total ap-
qualified age 55 or older surviving spouse homesteads re-
praised value.
ported in Item 1. This value loss ONLY includes the value
loss due to state-mandated $15,000 exemptions; $10,000
Item 41. Utilities. Report the total appraised value of
age 65 or older or disabled exemptions; disabled or de-
property in Category J—Utilities, in the subcategories
ceased veteran’s survivor(s) exemptions; solar and wind-
shown. Include both real and personal property value. If
powered exemptions. Do NOT include any local optional
you report any value in “J8—other property, ” please de-
exemptions.
scribe that property in the space provided. The total value
of the column should equal the Category J value reported
Item 4. The 2007 total taxable value of age 65 or older, dis-
in Item 34.
abled and qualified age 55 or older surviving spouse home-
steads reported in Item 1 after allowable exemptions are
10
Reports of Property Value Instructions
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