Form 50-167 Application for 1-d-1 (Open - Space) Timber Land Appraisal - Texas

What Is Form 50-167?

This is a legal form that was released by the Texas Comptroller of Public Accounts - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the Form 50-167?A: Form 50-167 is the Application for 1-d-1 (Open-Space) Timber Land Appraisal in Texas.

Q: What is the purpose of Form 50-167?A: The purpose of Form 50-167 is to apply for the appraisal of timber land as open-space land in Texas.

Q: What is 1-d-1 appraisal?A: 1-d-1 appraisal is a special property tax appraisal method for qualifying timber land in Texas.

Q: Who is eligible for 1-d-1 appraisal?A: Landowners who meet the criteria set by the Texas Comptroller's Office are eligible for 1-d-1 appraisal.

Q: What information is required on Form 50-167?A: Form 50-167 requires information about the property owner, property location, timber land details, and other relevant information.

Q: Are there any filing deadlines for Form 50-167?A: Yes, the form must be filed with the appraisal district office between January 1 and April 30 of the tax year for which the appraisal is requested.

Q: What are the benefits of 1-d-1 appraisal?A: The benefits of 1-d-1 appraisal include lower property taxes for qualifying timber land and the preservation of open-space land.

Q: What happens after submitting Form 50-167?A: After submitting Form 50-167, the local appraisal district will review the application and determine if the land qualifies for 1-d-1 appraisal.

Q: Can the 1-d-1 appraisal be denied?A: Yes, the local appraisal district can deny the 1-d-1 appraisal if the land does not meet the eligibility criteria.