While Texas may have one of the highest property tax rates in the country, owners of rural Texas land also have options such as Wildlife Management Valuation (WMV) to significantly reduce those tax rates. WMV is an alternate tax valuation that is available to Texas landowners through the Texas State Constitution. To move into WMV, your property must currently have an Agricultural Tax Valuation (Ag) or Timber Valuation*. WMV is a tax valuation that is exactly the same as your Ag (or Timber) status, but it provides landowners more options for managing their land. WMV is typically a more cost efficient means of maintaining a favorable tax valuation as it eliminates the need for fencing, veterinary, harvesting and other expenses associated with farming or ranching.
Generally speaking, moving into WMV appeals to three types of Plateau clients
1) Ranchers and farmers who no longer want to continue ranching or farming but want to continue caring for their land and its wildlife.
2) The new rural landowners who want to have their own place in the country without having to deal with livestock or farming.
3) Rural landowners who want to increase their profits from hunting enterprise or eco-tourism.
Of course, maintaining a favorable tax valuation is a great incentive for good stewardship of Texas land.
To help landowners transition into WMV, Plateau professionals develop customized five-year Wildlife Management Plans that exceed the standards of all appraisal districts. Our plans take about 45 days to produce as there is much professional work and many steps involved in the production of a comprehensive plan. Plateau plans include the following:
Recreational and Wildlife Amenities:
- Research on the requirements of your local taxing entities for the completion and filing of appropriate applications and confirmation of the tax status of your property.
- An On-Site Assessment of your land by a master-level wildlife biologist for Wildlife Management and restoration potential. This site visit includes discussion of your goals for your land, options for managing it, and professional advice to aid your decisions.
- A 5-year Wildlife Management Plan detailing your chosen management practices to meet your goals and satisfy legal requirements will be completed within 45 days of the site visit and submitted for your review and comment.
- Three Custom Maps of your property: an aerial photograph, a soil map and a USGS topographic map. All include important features of your property, your property boundaries, and the locations of your chosen Wildlife Management activities.
- A Formal Copy of Your Plan, its supporting documents, and all necessary application forms submitted by Plateau to the appraisal district.
- Our Professional Representation of your Wildlife Management Plan to the appraisal district, assuring that all important aspects of your plan will be considered.
- A Resource Binder, including a copy of your plan, maps of your property, your chosen Wildlife Management practices, recommendations for record keeping, and resource materials to aid your wildlife management efforts.
- Our Quarterly E-Newsletter, Seasons, with articles, information and suggestions for seasonally appropriate wildlife activities to keep your plan on track and keep you updated on Wildlife Management in Texas.
* Note: The one exception to already having Ag or Timber valuations to move into WMV is EcoLab or ecological laboratory. If you are not currently in Ag or Timber, please ask a Plateau professional about EcoLab.
Contact us today for more information.
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