Anyone around here own surface in addition to minerals and have agricultural use valuation? My family leases some of our land to a man who runs cattle.
We just got notices from the Appraisal District stating that their records show we receive agricultural use valuation on some of our land and that we have to file an application to retain the agricultural use valuation. Just curious to know if anyone knows much about agricultural use valuation and has any thoughts or comments.
What's frustrating is over the past few years a few relatives have died and the other relatives contributed their land to an LLC and yet tax bills and other information from the County still go to the old owners (sometimes deceased) at old addresses despite countless times over several years sending the appraisal district information about the actual current owners and requesting that they update their records. Luckily, a couple of the addresses actually haven't changed so we did get a few of these agricultural use notices (and it takes a lot of effort each year to make sure we pay all the property taxes we owe since we're never sure if we get all of them in the mail; I have to keep a spreadsheet each year that I can compare to previous years to make sure we aren't missing any tax bills)