Question
Your client wants to develop a piece of land that he is considering purchasing, and he is clueless about property taxes. Fortunately, you are an
Your client wants to develop a piece of land that he is considering purchasing, and he is clueless about property taxes. Fortunately, you are an expert in property tax consulting. The subject property is: 12 acres Valued at $30,300 per acre over the past 5 years You notice cows on the property and confirm that the property has received AG Valuation over the past 20-30 years. The CAD values pasture land at $300 per acre for AG Productivity. The tax rates for the property have remained the same due to Boss Hogg and his cousins running everything well over the years. The tax rates are: Luke City - 0.50% Cooter ISD 1.50% Hogg County 0.25% Answer the following: 1. What is the current tax bill with AG? 2. What will be your clients tax bill next year if he doesnt get AG? 3. What will be his rollback tax amount?
Property Taxes - 25 Points Your client wants to develop a piece of land that he is considering purchasing, and h is clueless about property taxes. Fortunately, you are an expert in property tax consulting. The subject property is: - 12 acres - Valued at $30,300 per acre over the past 5 years You notice cows on the property and confirm that the property has received AG Valuation over the past 2030 years. The CAD values pasture land at $300 per acre for AG Productivity. The tax rates for the property have remained the same due to Boss Hogg and his cousins running everything well over the years. The tax rates are: - Luke City - 0.50\% - Cooter ISD - 1.50\% - Hogg County 0.25% Answer the following: 1. What is the current tax bill with AG? 2. What will be your clients tax bill next year if he doesn't get AG? 3. What will be his rollback tax amountStep by Step Solution
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