Land Used for Farming Can Be Taxed at a Much Lower Rate

Collin County farm land may qualify for 1-d-1 open-space agricultural appraisal. Instead of taxing the land by sale value, the district taxes it by what it can produce as farm or ranch land.

To qualify, land must have been used for a qualifying farm or ranch purpose for at least five of the past seven years. Crops, grazing, and hay can count.

Applications go to Collin Central Appraisal District after January 1 and before May 1. A late application before roll certification carries a 10 percent penalty. If the land leaves agriculture later, a three-year rollback tax can hit.