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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%.
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.
To keep land in forest for a variety of purposes
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
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.
Forest Economics and Policy |
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USDA Forest Service Southern Research Station |