MFL a 2020 Tax Break for Wisconsin Forest Land Owners!

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

MFL a 2020 Tax Break for Wisconsin Forest Land Owners!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 tax program in Wisconsin; if you would like to learn about programs in other states, send me a note or give me a call.

Wisconsin’s Managed Forest Law (MFL)

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
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Bob - I thinks would also prevent wildfires like the have in California. 

May 12, 2019 12:48 PM #1
Rainmaker
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Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
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Thank you for keeping us posted and up to date. Have a great rest of the weekend!

May 12, 2019 03:27 PM #2
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