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Current Use Value Tax., productivity index gives a range of values for “other farmland” based on agricultural crops using soils
35 ILCS 200/10-150, P.A 88-455, 89-445 effective 2-7-96
To preserve forest land base and prevent taxes from confiscating such land
Minimum of 5 acres
Forest management plan (cost-shared with state) approved by DNR
10 year minimum enrollment and property inspection
There are not any penalties for withdrawing; however, landowners are required to pay back any cost-shares they received.
Department of Revenue establishes guidelines and rules
Department of Forestry approves forest management plan and inspects property every 10 years
County Tax Assessor administers program at county and town level
Faculty from the University of Illinois, College of Agriculture determine production costs and soil productivity indices
Forest Economics and Policy |
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USDA Forest Service Southern Research Station |