Recent

Check Out Our Forum Tab!

Click On The "Forum" Tab Under The Logo For More Content!
If you are using your phone, click on the menu, then select forum. Make sure you refresh the page!

The views of the poster, may not be the views of the website of "Minnesota Outdoorsman" therefore we are not liable for what our members post, they are solely responsible for what they post. They agreed to a user agreement when signing up to MNO.

Author Topic: New Land classification "2c Managed Forest Land"  (Read 2506 times)

0 Members and 1 Guest are viewing this topic.

Offline deadeye

  • MNO Moderator
  • Master Outdoorsman
  • *
  • Posts: 6204
  • Karma: +19/-12
Just to let any Minnesota forest land owners know the state just came out with a new land classification for taxes.   The new classification is "2c Managed Froest Land"  property with this classification has the value multiplied by .65 (approximatly a 1/3 reduction) for tax value.  There are a couple things that need to be in place for you to use this classification.  The first and most important is you must have a Forest Management Plan in place. (Also known as a Woodland Stewardship Plan).  The second thing is the land cannot be enrolled in the Sustainable Froest Incentive Act, CRP, CREP or RIM.   If you have a Woodland Stewdardship Plan (must be written less than 10 years ago) you have to apply by September 1st to qualify for the 2009 assessment, taxes payable in 2010.  If you qualify you have until next Monday (September 1st) to sign up. 
You can still signup after September 1st but it will delay the tax savings for one year.
***I started out with nothing, and I still have most of it.***