The Collin County timberland exemption is not technically an exemption. It is an assessment valuation based on timberland use. Collin County landowners may apply for special appraisal based on their land's productivity value rather than what the land would sell for on the open market. Typically, a productivity value is lower than market value, which lowers property taxes. Collin County landowners must use their land in timberland. There is a rollback tax for taking such land out of its productivity use.
Collin County property owners may qualify for timberland appraisal if land meets the following criteria: |