Woodland owners in a forest or current-use tax program
See what leaving your forest tax program costs: withdrawal or rollback tax, deadlines, and how a buyer keeps the land enrolled. Free to read.
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How it works
What you get
The first draft is free to read. Each document after it is drafted from the same confirmed facts.
Modeled on: Wis. Stat. 77.88 and Pennsylvania Clean and Green rollback rules
From public data
of tax at last year's net rate on assessed value is Wisconsin's Managed Forest Law withdrawal tax, or fewer years if enrolled less
Source: Wis. Stat. 77.88(5)(ac)
Questions
The withdrawal tax is the prior year's net property tax rate times the land's assessed value times 10, or times the number of years enrolled if fewer. A separate withdrawal fee also applies.
Not if the buyer acts. In Wisconsin, land that still meets the rules stays enrolled if the new owner files the state's form within 30 days of the transfer, agreeing to follow the existing management plan.
A breach of the program brings rollback taxes for up to 7 years plus 6% simple interest. Enrollment needs at least 10 acres in agricultural use, agricultural reserve or forest reserve.
Related doors
Where is the harvest tract?
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Where is the harvest?
What's the name of your fuel break?
Where are the harvest units?
Answer it and the project exists. Three more questions, then the draft.