PROP TX-WOODLAND ASSESSMENTS

Amends the Property Tax Code. Provides that, beginning with the 2005 assessment year, wooded land must be assessed at the same level as its 2004 assessment level. Defines "wooded land" as any parcel of unimproved real property that is timberland and that: (1) does not qualify as cropland, permanent pasture, other farmland, or wasteland; and (2) is not managed under a forestry management plan so as to be considered as "other farmland". Effective immediately.