Are there capital gains taxes on land sales in Texas?
Texas has no state income tax, but federal capital gains taxes may apply when selling land for profit.
How does property tax work on rural land?
Texas property taxes are based on market value unless an ag or wildlife valuation is in place to reduce tax burden.
What is rollback tax and when does it apply?
Rollback tax may apply when Texas land is removed from ag or wildlife valuation. Consult a tax professional.