What are the tax benefits of the CF and QFP exemption to forest landowners?
CF land is taxed at $1.20 per acre annually through December 2011. On January 1, 2012, and every 5 years thereafter, the CF tax will increase 5 cents per acre annually. Additionally, CF land that also has an approved sustainable conservation easement is taxed at 15 cents less per acre. QFP is exempt from the tax levied by a local school district for school operating purposes to the extent provided under section 1211 of the revised school code. • Question: Who qualifies for the QFP tax exemption? Answer: Private landowners who own between 20 acres and 320 contiguous acres in a taxing jurisdiction, where the land is capable of producing at least 20 cubic feet of wood volume per year, may qualify for QFP. Landowners must have an approved forest management plan and agree to manage land according to the plan. • Question: Who qualifies for the CF tax exemption? Answer: The owner of at least 40 contiguous acres or a survey unit of 1/4 of 1/4 of a section of forestland may qualify for CF. Fore
