Texas HB3935 provides a tax exemption for certain land in priority groundwater management areas that is not irrigated.

Texas HB3935 amends the Tax Code to create an exemption from ad valorem taxation for 35% of the appraised value of certain land. This exemption applies to land that is located in a priority groundwater management area, is at least one-half acre in size, is not irrigated, and is not subject to appraisal under certain subchapters. The exemption remains in effect until the property changes ownership or the owner's qualification changes. The chief appraiser may require a new application for the exemption, except for those who are 65 years of age or older.

Texas HB3935 provides a tax exemption for certain land in priority groundwater management areas that is not irrigated.

Texas HB3935 amends the Tax Code to create an exemption from ad valorem taxation for 35% of the appraised value of certain land. This exemption applies to land that is located in a priority groundwater management area, is at least one-half acre in size, is not irrigated, and is not subject to appraisal under certain subchapters. The exemption remains in effect until the property changes ownership or the owner's qualification changes. The chief appraiser may require a new application for the exemption, except for those who are 65 years of age or older.