| Apr 05, 2007

Feature Article - April 5, 2007

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Feature Article - April 5, 2007

ManagedForest mean lower tax bills

by Scott Black


Saving on property taxes was the primary motivation for a solid turnout at last week's presentation by the Limestone Chapter of the Ontario Woodlot Association. Wade Knight, of the OFA, spoke to a crowd of about 20 at Desert Lake Resort, and his message was well received. The topic was the Managed Forest Tax Incentive Program, which is administered by the Ministry of Natural Resources. This popular program requires woodlot owners to prepare and submit a 10 -year plan for the management of the forested land on their property, in return for a 75% reduction in the property taxes on the forested parts of their land. The plan is relatively involved, requiring a detailed map of the property, including non-forested areas, aerial photos, an assessment of the volume and quality of wood on the property, and other elements. Some woodlot owners prepare the entire plan themselves, but most enlist the expertise of a forest consultant to complete the more involved sections. Cost of a plan completed by a forest consultant vary depending on the size of the property and its accessibility, among other factors. For an easily accessed 40-acre property in Central Frontenac, a consultant would charge about $400 for a finished plan. For more information about the Managed Forest Tax Incentive Plan call 1-888-791-1103.

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