Landowners and Investors: Forest Management Plans—Some Timely Advice (10/11/09)
Do you own timberland in a county which requires a forest management plan? Do you need a forest management plan to acquire Greenbelt/Agricultural Classification on your timberland in 2010? You should be aware of the following:
1. Some County Property Appraisers may require a forest management plan written prior to January 1.
2. Some County Property Appraisers may require a forest management plan be submitted no later than the March 1 deadline for filing an application for Agricultural Classification.
Now is a good time to schedule management plan preparation. If you delay until near the end of the year or mid-winter/early spring, finding an available forester to prepare the management plan may be difficult, since we typically are very busy at that time of the year with burning and planting. If you miss the deadline for submission of your management plan, you may miss your opportunity to acquire an agricultural classification and the resulting lower tax liability until 2011. Contact us now to schedule a field inspection and preparation of a management plan. Many counties will accept the Agricultural Classification application prior to January 1.