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 woodland acreage!
This is a great program for larger properties or those with low tax values. There are 3 different minimum enrollment periods (8, 20, and 50 years), with higher payments for longer enrollment periods.
There have been some significant changes to the SFIA covenant in the past year. Click the following link for more information. Link