Form 50-167 - Application For 1-D-1 (Open - Space) Timber Land Appraisal

Download a blank fillable Form 50-167 - Application For 1-D-1 (Open - Space) Timber Land Appraisal in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form 50-167 - Application For 1-D-1 (Open - Space) Timber Land Appraisal with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

P r o p e r t y T a x

Application for 1-d-1 (Open – Space)

Form 50-167

Timber Land Appraisal

Freestone Central Appraisal District

903-389-5510

______________________________________________________________________

___________________________

Appraisal District’s Name

Phone (area code and number)

218 N. Mount, Fairfield, Tx 75840

___________________________________________________________________________________________________

Address, City, State, ZIP Code

IMPORTANT INFORMATION FOR APPLICANTS

Article VIII, Section 1-d-1, Texas Constitution, and Chapter 23, Subchapter E, Texas Property Tax Code, provide for appraisal of open-space land devoted

principally to producing timber and forest products based on its capacity to produce these products.

Land qualifies for special appraisal (timber appraisal) if it is currently and actively devoted principally to production of timber or forest products and has been

used to produce timber or forest products or for an agricultural use as defined in Chapter 23, Subchapters C and D, Texas Property Tax Code, for five of the

preceding seven years, The land must also be used for timber production to the degree of intensity generally accepted in the area. The value of the land

is based on the average net income that would have been earned over the preceding five years. The net income is based on the lands potential average

annual growth, stumpage prices obtained from sources listed in Section 23.71(2), Texas Property Tax Code, and reasonable management costs.

If you have questions on completing this application or on the information concerning additional taxes and penalties created by a change of use of the

land, you may consult the State Comptroller’s Manual for the Appraisal of Timberland and your appraisal district staff. The manual may be found on the

Comptroller’s Web site at under the section concerning appraisal manuals.

You must complete this application in full and file it with the chief appraiser before May 1 of the year you are applying for timber appraisal. To be accepted,

this form must contain information necessary to determine the validity of the claim. If your application is approved, you do not need to file again in later

years unless the chief appraiser requests a new application. The chief appraiser may disapprove the application and request additional information. The

chief appraiser may deny the application and you may protest that determination to the county appraisal review board in a timely manner. If the chief

appraiser requests additional information from an applicant, the information must be furnished within 30 days after the date of the request, or the application

is denied. For good cause shown, the chief appraiser may extend the deadline for furnishing the information by written order for a single 15 day period.

You may file a late application up to midnight the day before the appraisal review board approves appraisal records for the year which usually occurs in

July. If you file a late application and your application is approved, you must pay a penalty equal to 10 percent of the difference between the amount of tax

imposed on the property and the amount that would be imposed if the property were taxed at market value.

OTHER IMPORTANT INFORMATION

If the initial application form does not contain all the information needed to determine whether property qualifies, the chief appraiser may request additional

information. The chief appraiser may request only additional information that is necessary to determine whether the land qualifies for timber appraisal.

You must notify the chief appraiser in writing if you: stop using your property for timber production (e.g., you voluntarily decide to stop actively managing

the land to produce income); change the category of your use (e.g., you change from growing timber to grazing cattle);or if you begin using your land for

something other than agriculture (e.g., you build a shopping center on most of your land). You must deliver this notice no later than the April 30 following the

change in use or eligibility.

PENALTIES

If your land receives timber appraisal and you fail to notify the chief appraiser of a change in use, you may be required to pay a penalty. You will be required

to pay a substantial additional tax plus interest (a “rollback” tax) if you stop using all or part of the property for timber production or agriculture.

STEP 1: State the Year for Which You are Seeking Timber Land Appraisal

_____________________________________

State the year for which you are seeking timber land appraisal

STEP 2: Provide Name and Mailing Address of Property Owner

___________________________________________________________________________________________________

Name of Property Owner

___________________________________________________________________________________________________

Mailing Address

_____________________________________________________________________

____________________________

City, State, ZIP Code

Phone (area code and number)