Financial

Turn Your Woods into a Financial Investment

Making sure your woods are healthy and taking care of your land can become costly. In addition, each state has its own property tax laws that vary by the type of land you own. Learn Plan Act has resources available to help landowners apply for government and private incentives. These incentives can help offset the cost of maintaining healthy forests by reimbursing landowners for implementing sound conservation practices. Incentives can range from 50 percent to 90 percent and are available through several agencies.

FAQs

How do I know how much my timber is worth?

A professional forester can conduct an inventory and appraisal of your trees so you will be able to know your timber's value before you sell it.

How is forestland taxed?

Property tax policy can vary by state, though generally, forestland is taxed on its current use (not market value), based on productivity. There are some tax provisions that may apply to landowners who take good care of their woods.

Can taxes be filed the same in every state?

Not always. Some states have their own tax return due dates and tax codes that need to be carefully reviewed. Landowners can consult their local forester (contact: 843-638-7561) or a consultant to see what the regulations are in their state.

As a landowner how can I get the most tax benefits from owning land?

Landowners that properly maintain their woods and keep good records of activities can apply for certain timber tax provisions. The Southern Group of State Foresters holds events and eLearning classes to help landowners maintain their woods and become aware of these tax provisions. SGSF can answer questions on best practices and management techniques to keep forest land healthy and prosperous.

What financial assistance programs are available to me?

Please contact your local forester (contact: 843-638-7561) for more information on the different programs in your area.

Key Resources

Tax Treatment of Timber

(National Timber Tax Website)

Forest Taxation

(US Forest Service)

Tax Policy and Forestry

(American Forest Foundation)

Financial Assistance

(United States Department of Agriculture)

Cost-Share Programs

(The Longleaf Alliance)

Investing in Forestry

(Florida Forest Stewardship)