Do the guidelines for Agricultural Forest assessment adjustments apply to land enrolled in the Managed Forest Land (MFL) and Private Forest Crop (PFC) programs?
Yes. Assuming any of the qualifications of Agricultural Forest have been met, the values of land enrolled in MFL or PFC should be adjusted in the same manner as taxable forest property. If the contract is broken, penalties are collected based upon what the taxes would have been if the land were not enrolled in the program. Therefore, assessments of land enrolled in MFL or PFC must be equitable with similar land not enrolled in those programs. The assessor should inform the property owner under s.70.365 that the assessment has been adjusted .
Related Questions
- If the property was classified agricultural on January 1 and was entered in the Managed Forest Law (MFL) program during that year, becoming exempt on the assessment roll, is a Conversion Charge due?
- Do the guidelines for Agricultural Forest assessment adjustments apply to land enrolled in the Managed Forest Land (MFL) and Private Forest Crop (PFC) programs?
- Why did residents receive a notice regarding the assessment on their agricultural land if this category is not going to be assessed?
