State Tax Laws > Property Taxes > Minnesota (Summary)

Sustainable Forests Incentive Act

Tax Type: Reduction in FMV

Description: Rebates for forestland, minimum rebate of $1.50

Law: Sec 5 290C

Objective: Promote sustainable forest resource management, encourage the state's private forest landowners to make a long-term commitment to sustainable forest management.

Forest Tax Program Requirements

Min/Max Acreage: 20

Min. Stocking Growth: 10% by trees capable of producing timber or exerting influence on the climate or water regime

Forest Management Plan: Management plan by a forester, approved by the DNR

Duration of Enrollment: Minimum of 8 years and annual letter of participation to DNR

Penalties for Use Change: Past 4 years incentive payments plus interest

Program Administration

State: Department of Forestry processes application and annual letter, determines annual incentive payment

County Tax Assessor and Commissioner: Assessor classifies land and determines value based on highest and best use

University: N/A

Landowner: N/A

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