Connwood 's
Main Office
(860) 349-9910
Services
Connwood
 Foresters, Inc.
     
Since 1945
Property Tax Savings

All of the Northeastern States have 'Current Use' forestland classification to reduce property taxes in order to preserve
undeveloped forestland. Valuable tax savings are easily obtained for any forest acreage that will not be developed for at
least the next 10 years and meets the qualification requirements. Any developed/landscaped acreage must be excluded
from classification. Many towns also offer alternative Farm and Open Space tax classifications. Below are the basic
requirements for each State that Connwood services: CT, MA, RI, NY, NJ.

Connecticut: PA490 Forest

A minimum of 25 forested acres is required that can be comprised of 10+ acre forested blocks; ie: if you own 10 acres of
forest around your house and another 15 acres of forest anywhere else in the state - you qualify. A report and
corresponding forest type map describing the forest must be prepared by a licensed forester and then submitted to the
town assessor. Removal of forestland acreage from classification for the first 10 years is subject to a penalty of 10% of
the fair market value of the declassified acres. This percentage decreases by one point every year until 9 years out the
penalty is only 1% of the value - and no penalty after 10 years. Classification stays with the property, with ownership
changes only requiring an update of the forester report. Unlike all the other states, no forest management is required to
maintain classification. The State sets the assessment rates annually for classified land (roughly $140 per acre).

Massachusetts: Chapter 61

A minimum of 10 forested acres is required. A detailed forest stewardship plan and corresponding forest type map
describing the forest must be prepared by a licensed forester and then submitted to the State Service Forester. The
recommendations in the plan are for 10 years and must be implemented. After 10 years, the plan must be updated for
another 10-year period. The plan must be written to facilitate the enhancement and utilization of the forest resource. In
addition, the property boundaries must be located and clearly marked. Removal of forestland acreage from classification
is subject to a penalty that is the accumulated tax savings for at least the past 5 years.  Classification stays with the
property, with ownership changes only requiring an amendment of the plan. The State sets the assessment rates
annually for classified land - between $100 and $180 per acre depending on location in the State.

Rhode Island: Forestland

A minimum of 10 forested acres is required. A detailed forest stewardship plan and corresponding forest type map
describing the forest must be prepared by a licensed forester and then submitted to the State Service Forester. The
recommendations in the plan are for 10 years and must be implemented. After 10 years, the plan must be updated for
another 10-year period. The plan must be written to facilitate the enhancement and utilization of the forest resource.
Removal of forestland acreage from classification for the first 16 years is subject to a penalty of 10% of the fair market
value of the declassified acres. After 6 years, this percentage decreases by one point every year until 15 years out the
penalty is only 1% of the value - and no penalty after 16 years. Classification stays with the property, with ownership
changes only requiring an amendment of the plan. The State sets the assessment rates annually for classified land -
roughly $115 per acre.

New York: 480A

A minimum of 50 forested acres is required. A detailed forest stewardship plan and corresponding forest type map
describing the forest must be prepared by a forester and then submitted to the State Service Forester. The
recommendations in the plan are for 15 years and must be implemented.  The plan must be updated every 5 years and
management recommendations must be followed for ten years following removal from the program (otherwise subject to
payment of penalty). The plan must be written to facilitate the enhancement and utilization of the forest resource. In
addition, the property boundaries must be located and clearly marked. The county collects a 6% yield tax on the revenue
of forest products. Premature removal of forestland acreage from classification is subject to a penalty that is 2.5 times
the tax savings for time enrolled - not to exceed 10 years.  Classification stays with the property, with ownership changes
only requiring an amendment of the plan. The State sets the assessment rates for classified land - the savings vary with
each town (average is 80% savings).

New Jersey: Farm

A minimum of 5 farmland acres is required (farmland includes forestland). A detailed forest stewardship plan and
corresponding forest type map describing the forest must be prepared by a licensed forester and then submitted to the
State Service Forester. The recommendations in the plan are for 10 years and must be implemented. After 10 years, the
plan must be updated for another 10-year period. The plan must be written to facilitate the enhancement and utilization
of the forest resource. A minimum of $500 plus $0.50 per acre in gross agricultural revenue must be produced from the
land. In addition, the property boundaries must be clearly marked. Removal of forestland acreage from classification is
subject to a penalty of the tax savings for the preceding 3 years. Classification stays with the property, with ownership
changes only requiring an amendment of the plan. The State sets the assessment rates annually for classified land -
roughly $200 per acre.



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