WebA piece of land in the 480a forest tax law program may be sold, but the obligation to follow the management plan stays with the property for the remainder of the commitment period. Also, subdivisions of less than 50 acres will be subject to roll-back … 480a Forest Tax Law - The provisions of Section 480-a of the Real Properly Tax … WebApr 20, 2024 · The 480 Program, also known as the Fisher Forest Act, dates back to 1926 – and the land management goals and requirements reflected the needs of the time. …
60.4 Acres of Recreational Land for Sale in Warrensburg, New York
WebNEW YORK STATE DEPARTMENT OFENVIRONMENTAL CONSERVATION APPLICATION FOR CERTIFICATION OF APPROVAL for Eligible Forest Land Under Section 480-a of the Real PropertyTax Law Application Number Date Received OWNER: MAILING ADDRESS: CITY: STATE: ZIPCODE: TELEPHONE HOME: OFFICE: … Web1. Program legal-common name: Forest Tax Law (480-a) Tax Type: Reduction in FMV and yield tax Description: 80% of FMV or $40 fixed value, whichever is the lesser. 6% of timber stumpage value as determined by the assessor. how to stop screaming while talking
James A. DeVita & Associates
WebWhen an owner voluntarily withdraws from the §480 program and does not become eligible for the forest taxation program authorized by RPTL §480-a. Calculation of … WebFisher 480 carries a very low administrative burden; there is no requirement to hire a forester or develop a forest management plan as with 480a. The only requirement is that the landowner pay a 6% severance tax on the timber stumpage yield from timber sales. WebFeb 24, 2014 · Under NYS RPTL Fisher Act (480). 2.When no forest growth is cut but, as determined by DEC, the tract contains on the average 40,000 board feet of saleable soft wood per acre or 20,000 board feet of saleable hard wood per acre (or, where there is a mixture of the two kinds of wood, the relative percentages of such amounts). read jones christoffersen calgary