Need a Break on your Forestland Taxes?

By
Real Estate Agent with Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities #1 in Forest Land Mgmt

Need a Break on your Forestland Taxes?forest

 

Many states have programs designed to encourage landowners to manage their land more responsibly and offer tax incentive to those who participate.

Today we will be talking about the program in Wisconsin, if you would like to learn more about programs in your state, drop me  a note or give me a call.

Wisconsin’s Managed Forest Law (MFL) is a landowner incentive program that encourages sustainable forestry on private woodlands in Wisconsin. Together 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 forests for everyone to enjoy. 

 

forestTo 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. 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. 

 

 

 

 

 

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

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Rainmaker
3,983,315
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Good program for those that have no immediate plans for the land.

I personly don'tlike when the government gets their hooks opnto my land.

Sep 10, 2013 06:45 AM #1
Ambassador
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Bob - We have a similar program here that is administered by the forestry department at Colorado State University, and have several clients who have enrolled their mountain acreage in it. It seems to work well.

Sep 10, 2013 09:56 AM #2
Rainer
121,969
Merline D Pennant - New homes, Short Sales and Pre-foreclosures
Regal Realty of the Treasure Coast LLC - Port St Lucie, FL
New City, New Towns, New homes

Bob, great pst everyone is always looking for a tax break.

Sep 10, 2013 10:01 AM #3
Rainmaker
724,201
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Bob-This sounds like a great program. Incentives to keep things in balance is a good deal.

Sep 10, 2013 02:28 PM #4
Rainmaker
2,267,091
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

I have a couple of parcels that I have in public acts that reduce taxes on the forestland. There are parcels that I don't have any intention of selling, so I don't have to worry about any recapture of the taxes.

Sep 10, 2013 06:17 PM #5
Rainmaker
519,565
Sara Wagner
The Woodland Companies - Adams, WI
Stevens Point Rentals

Hi Bob, I am enjoying going through some of your early blog posts and reposts and getting ready to start doing some posts myself soon.

Jun 10, 2019 08:27 PM #6
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Bob Crane

Forestland Experts! 715-204-9671
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