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Application for 1-d-1 (Open-Space) Agricultural Use Appraisal P r o p e r t y Ta x Form 50-129 BRAZORIA COUNTY APPRAISAL DISTRICT (979) 849-7792 Appraisal District s Name Phone (area code and number).

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In Texas, the taxable value of a residential property is 100% of its "market value"—basically, what it would sell for on the open market. The 100% figure is also known as the assessment ratio. The taxing authorities multiply the taxable value of your property by the tax rate to arrive at the tax you'll owe.

Since 1998 Texas has set a 10 percent limit on year-over-year appraisal increases for owner-occupied houses that are protected by homestead exemptions. The appraisals can be higher, but for tax purposes 10 percent is the maximum.

The appraised value of your home represents the home's fair market value (what a buyer might expect to pay if you listed your house for sale on the market), while its assessed value is used to determine property taxes (which increase the larger that your assessed value becomes).

Per the Texas Property Tax Code, all taxable property must be valued at 100% of market value as of January 1 each year. This value is shown on your notice as “Total Market Value”.

The 10% increase is cumulative. Therefore, the maximum increase is 10% times the number of years since the property was last appraised. The 10% limitation on a Texas homestead is effective January 1st of the tax year following the first tax year the owner qualifies the property for a homestead exemption.

Mr. Marcel Pierel III, RPA CCA. Office of the Chief Appraiser Marcel Pierel is the 5th Chief Appraiser of the Brazoria County Appraisal District, succeeding Al Baird in January 2022. The first Chief Appraiser was Ray Gayle. Mr.

Applying is free and only needs to be filed once. The application can be found on your appraisal district website or using Texas Comptroller Form 50-114. If you turn 65 or become disabled, you need to submit another application to obtain the extra exemption using the same Form 50-114.

The county appraisal district (CAD) sets a value on your property annually. That is the appraised value. Since all CADs are required to appraise properties at market value, theoretically then, appraised value is the same as market value.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232