Special Use Valuation in Texas
This blog post will focus on the rules related to Open Space Valuation (“OSV”). Passed in 1978, more than a decade after Agricultural Use Valuation, this method is governed by Article VIII, Section 1(d)(1) of the Texas Property Code and Sections 23.51-59 of the Texas Tax Code. This valuation method may also frequently be referred to as “1(d)(1) valuation.” A one-time application must be filed with the County Appraisal District. [node:read-more:link]