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Relating to the farm and ranch survey conducted by the comptroller for purposes of estimating the productivity value of qualified open-space land as part of the study of school district taxable values.
No significant fiscal implication to the State is anticipated.
SB 1245 would require the comptroller to conduct an annual farm and ranch survey for purposes of estimating the productivity value of qualified open-space land to determine school district taxable values. The bill would also require the comptroller to prepare and issue an instructional guide that provides information to assist individuals in completing the survey.
On an annual basis, the comptroller would be required to hold an informational session that is open to the public regarding how to complete the farm and ranch survey. The comptroller would also be required to annually provide an opportunity for the public to provide feedback or express concerns regarding the survey used to evaluate their property.
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