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 … WebThe property is under the Fisher 480 Forest Tax Law, which provides a handsome reduction in taxes, while being less burdensome than its 480a tax law successor. Property lines are marked with pink flagging, as well as more permanent blazes and paint, which follow old agricultural fencing an stone wall remains.
Forest Tax Law Certification Handbook - New York State
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: … WebJan 1, 2024 · (a) Whenever any cutting of the merchantable forest crop on any certified eligible tract is proposed during the period of commitment pursuant to subdivision three of this section, the owner shall give not less than thirty days' notice to the department in a manner and upon such form as may be prescribed by the department. imagine theatres sudbury
Bevan Forestry, Inc. Livingston Manor, New York
WebSection 480 of the Real Property Tax Law became effective October 1, 1959 as an amended version of the Fisher Forest Tax Law of 1926. The program was closed to new applicants in 1974. However, tracts certified prior to September of 1974 were allowed to continue to receive the tax benefits of Section 480. WebApr 20, 2024 · The 480a is the latest iteration of Law 480. All participating landowners received a local tax reduction of $62 million between 2024 and 2024, according to the comptroller’s report. An interactive map the comptroller’s office created shows the majority of program participants are in the Adirondacks and North Country. 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 … imagine theatre in frankfort il