Form 50-167 Application for 1-d-1 (Open-Space) Timberland 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 Form 50-167?A: Form 50-167 is the application for 1-d-1 (open-space) timberland appraisal in Texas.

Q: What is 1-d-1 (open-space) timberland appraisal?A: 1-d-1 (open-space) timberland appraisal is a tax incentive program in Texas that provides property tax relief to landowners who maintain their land for timber production.

Q: Who can use Form 50-167?A: Form 50-167 can be used by landowners in Texas who want to apply for the 1-d-1 (open-space) timberland appraisal.

Q: What is the purpose of Form 50-167?A: The purpose of Form 50-167 is to gather information about the property and the landowner in order to determine eligibility for the 1-d-1 (open-space) timberland appraisal.

Q: What information is required in Form 50-167?A: Form 50-167 requires information about the property, the landowner, and the activities being carried out on the land for timber production.

Q: Are there any deadlines for submitting Form 50-167?A: Yes, Form 50-167 must be filed with the local appraisal district office on or before April 30th of the tax year for which the 1-d-1 (open-space) timberland appraisal is sought.

Q: What are the benefits of the 1-d-1 (open-space) timberland appraisal?A: The benefits of the 1-d-1 (open-space) timberland appraisal include reduced property taxes and the preservation of forested land for timber production.

Q: Can the 1-d-1 (open-space) timberland appraisal be transferred to a new owner?A: Yes, the 1-d-1 (open-space) timberland appraisal can be transferred to a new owner if certain conditions are met.

Q: Are there any penalties for fraudulent use of the 1-d-1 (open-space) timberland appraisal?A: Yes, there are penalties for fraudulent use of the 1-d-1 (open-space) timberland appraisal, including back taxes, interest, and possible criminal charges.