Quote:
Originally Posted by masraum
Also, see if you can convert any of the land to agricultural use. That's common here, and really cuts WAY back on the yearly taxes. Texas has a bunch of different ways to do that. There is keeping cattle on it (sounds like a pain), growing hay (often can get someone local to harvest and use that, so no/low cost), and many other options.
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Find out what the existing zoning is, and for the general area: Residential. Mixed-use. Agricultural.
Changing the property to Ag might or might not be possible.
(One of our MI political candidates got an Ag grant, even though her family farm hadn't grown anything in years, because it was originally titled Ag.)
Another strategy to lower taxes might be deeding part of it for 25-100yrs as wildlife preservation. Install a pond and migratory bird-friendly grasses. Whatever qualifies.
https://www.lawinsider.com/dictionary/agricultural-use definition.
(State and Local definitions may be different)