WebThe 480a Forest tax law is designed for forest land owners with 50+ acres. An owner may receive up to an 80% reduction on their assessment of commercial forest land, by doing proper forest management by following a forest management plan. The owner that goes under 480a must have professional help and a management plan. Webwith respect to the acreage or portion of forest land committed to forest crop production under RPTL, Sec. 480-a. 3. Description of land . The tract of forest land must comprise …
Management Plans & 480a Tax Law - Future Forest Consulting
WebRequirements Minimum acreage is 15 acres under 480 and 50 acres under 480a Minimum stocking of 500 TPA or 60 ft² BA/A Must have a plan approved by the Department of Environmental Conservation under 480a Minimum commitment of 10 years and annual commitment for next 10 years under 480a Evidence of use for previous 15 years under … WebA piece of land in the 480a forest tax law program may be sold, but the obligation to follow the management plan stays with the property for the remainder of the commitment period. Also, subdivisions of less than 50 acres will be subject to roll-back taxes if … the carpenters guitar tabs
McGinnity Pond Private Forest Clinton County Black Brook, NY
Web19 jul. 2024 · Jul 19, 2024 0 ALBANY — New York State Department of Environmental Conservation (DEC) Commissioner Basil Seggos announced proposed changes to the implementing regulations for Real Property Tax Law Section 480a, also known as the Forest Tax Law. Web480-a offers the potential for you to save substantially on your property taxes every year. It can also help you look after your woodlot for the future and increase your long-term … Web20 apr. 2024 · The 480a is the latest iteration of Law 480. All participating landowners received a local tax reduction of $62 million between 2024 and 2024, according to the comptroller’s report. An interactive map the comptroller’s office created shows the majority of program participants are in the Adirondacks and North Country. the carpenters greatest hits videos