For land that loses “Ag” valuation, Braun & Gresham has an interesting and effective alternative to paying taxes on market value while reestablishing agricultural use. Taxes can be returned to “Ag” rates if the property is made available for ecological research. Braun & Gresham is uniquely able to set up qualifying Ecological Laboratories through our many relationships with colleges and universities.
As a conservation-minded landowner, you could substantially reduce your property taxes within six years — while fostering meaningful university studies — by allowing confidential ecological research on your property with the highly successful Texas Ecological Laboratory program. Under this program, developed by Braun & Gresham, PLLC, you receive tax savings within the sixth year and transition to Wildlife Management in year seven — a compelling alternative to grazing or farming typically required for properties to qualify for favorable Ag tax rates.
Texas Ecological Laboratory Program Advantages
- Property qualifies for wildlife management valuation in year seven.
- Advances important scientific research.
- Enhances relationships with universities and professors.
Texas Ecological Laboratory Qualifications
- Properties of 20 acres or more work best.
- The property must be principally used for research by a college and/or university.
- Landowner commits to funding and accommodating research projects for a five year period.
Braun & Gresham, PLLC Provides All The Necessary Services To Establish An Ecological Laboratory
- Evaluate your property to determine the ecological studies and restoration that would be appropriate.
- Identify specific, high-qualified research scientists who have the capability and interest in doing ecological studies and restoration on the property.
- Negotiate and draft an agreement between you and each researcher’s university that establishes the terms for use of the land.
- Coordinate and manage all activities of the researchers, including evaluating research proposals, obtaining liability waivers, logistical coordination, and reporting to your appraisal district.
- Apply to your appraisal district for appraisal of the land as an Ecological Laboratory.
