Special offer

How can I reduce my property forestland taxes?

By
Real Estate Agent with Woodland Management Service / Woodland Real Estate, KW Diversified #1 in Forest Land Mgmt

Forest Land Owners Tax Break, Dont Miss Out on This Opportunity!forest

Taxes are killing me, how can I reduce my property taxes on my forestland?

This is a common question among Wisconsin Forest Landowners with increased assessments following the historic increases in Forestland Values in the first decade of this century.

There are a few options out there for you and the best opportunity is likely to be the Managed Forest Law program.

Wisconsin’s Managed Forest Law (MFL) is a landowner incentive program that encourages sustainable forestry on private woodlands in Wisconsin.

forestTogether with landowner objectives, the law incorporates timber harvesting, wildlife management, water quality and recreation to maintain a healthy and productive forest.

Sustainable forest management benefits Wisconsin’s economy, hunting, fishing, wildlife, recreation, soils, waterways, and air quality, and renews our beautiful and productive forests for everyone to enjoy. 

To participate in the MFL program, landowners designate property as “Open” or “Closed” to public access for recreation, and commit to a 25 or 50 year sustainable forest management plan. WMS Foresters

The plan sets the schedule for specific forestry practices which landowners must complete.

In return, MFL participants make a payment in lieu of regular property taxes plus a yield tax on harvested trees.

Yield taxes go to the local municipality to help offset the annual property taxes that are deferred while properties are enrolled in the MFL. 

forest wildlife, whitetail deerThe first step in achieving this tax reduction is to contact a Certified Plan Writer (CPW), like those at Woodland Managment Service.

Our CPW Foresters will walk you through the paperwork and then write and negotiate a plan which is also your 25 year contract with the DNR.

This plan will be the business plan for your forest that you will follow, with our assistance, to not only save a bundle on your taxes but to mold your forest into the habitat that will allow you to meet your wildlife and timber goals during your lifetime.

 

MFL, Reducing Property Taxes on Wisconsin Forestland!

Call Today...

 

For more information on this or any other forestry matter, contact a forester at Woodland Management Service

Bob Crane

Woodland Management Service

715-204-9663

Comments(2)

William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

There aer some great programs to enroll into if you don't mind a few regualtions.

Mar 18, 2018 05:17 PM
The Woodland Companies of Alaska
Woodland Management Service - Wasilla, AK
Alaska Forest Land Experts!

It is wise to seek out the experts when buying, selling, investing or managing real estate.

 

Oct 21, 2019 06:45 PM