What is agricultural valuation (ag exemption)?

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Accepted Answer

Agricultural valuation, often called ag exemption, is a way the county appraisal district values land based on its agricultural use rather than its market value, which usually lowers the property tax bill. It is not automatic and it does not come with the land: the owner applies at the appraisal district of the county where the tract is located, and the county decides under its own rules. TerraFunded does not promise it. If this matters to you, read the rules of that county's appraisal district before you reserve, and plan the use of your tract accordingly.