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Forest Incentive Programs - Property Taxes for Indiana

Type of Tax

Two programs-for classified forest, a fixed assessed value of $1/acre and for unclassified forest a base value of $1,050 is multiplied by a soil productivity factor and reduced by 80%.

Law

Classified Forest Land IC Chapter 6, 6-1, 1-6-1 to 6-1, 1-6-27 (land type 2, subtype 21) & woodland subtype 6 that is part of agricultural land.

Objective

To keep land in forest for a variety of purposes

Requirements

Minimum of 10 acres for classified land

Minimum stocking of 40 ft²/acre or 1000 trees/acre for classified land

Stewardship plan approved by the DNR. Plan can be modified every 5 years

Must send an annual letter of participation to State forester

State forester inspects land every 5 years

If use changes, penalty is total back taxes or 10 year rollback and 10% interest

Landowner must keep livestock out of classified land

Program Administration

Department of Forestry approves property and notifies county assessor. The Department of Natural Resources establishes rules and prescribes management plans. The County tax assessor calculates FMV without timber value.

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