Posted By: Carter's Mom
Texas Ag Exemption - 10/04/11 07:07 PM
I know that Texas law states that an owner may not pledge their homestead property if it is subject to an Ag exemption. What is an Ag exemption and how do you get it removed? Is an Ag exemption a tax records thing or a zoning thing? We have a borrower whose land was once agricultural but has now been turned into a neighborhood. The appraisal we got back shows the property as "agricultural". Help! Can we make this loan or not.