Financial Incentive Programs, Reduce taxes
If you own 20 acres or more of woodland and have an approved Woodland Stewardship Plan, you are most likely eligible for one of two financial incentive programs available to Minnesota woodland owners!
This classification taxes your property at a 35% reduction from the more common "Rural Vacant Land" classification. It's a "no-brainer" for anyone who owns woods!
This is a great program for larger properties, especially if you have no intention to sell or transfer ownership of a portion of the land. It pays $7 per eligible acre, and requires a minimum 8 year enrollment period.