Illinois (Summary)
Tax Type: Current Use and Yield Tax
Description: Productivity index gives range of values for "other farmland" based on agriculture crops using soils; 4% yield tax.
Law: 35 ILCS 200/10-150, P.A 88-455, 89-445 eff. 2-7-96
Objective: To preserve forest land base and prevent taxes from confiscating such land.
Forest Tax Program Requirements
Min/Max Acreage: N/A
Min. Stocking Growth: N/A
Forest Management Plan: Required (cost-shared with state, approved by DNR)
Duration of Enrollment: 10 year plan and property inspection
Penalties for Use Change: N/A
Program Administration
State: Department of Revenue establishes guidelines and rules. Department of Forestry approves forest management plan and inspects every 10 years.
County Tax Assessor and Commissioner: Program administered at county and town levels
University: Production costs and soil productivity indices determined by the College of Agriculture, University of Illinois
Landowner: N/A
For a more in depth discussion of Illinois property taxes click here!