Reducing Taxes through Forestry

 

Agricultural Use Assessment

 

Your woodland may be eligible under agricultural use for tax purposes. For more information, see the Maryland Department of Assessments and Taxation website's Agricultural Use Assessment page.

 

Note: Owners should be mindful that lands being assessed in the Agricultural Use Category could be subject to an Agricultural Transfer Tax at some later date in the event of a transfer, sale, or other action leading to or causing a violation of the agreement as contained in any Letter of Intent that may have been filed in order to receive the Agricultural Use Assessment. 

 

More detailed information concerning the Agricultural Transfer Tax is available in a separate pamphlet.​

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Stewardship Planning - Taxes

 

University of Maryland Extension resource, highlighting some of the laws and programs that may benefit woodland owners. Forest landowners are encouraged to investigate these and other tax and estate planning considerations. 

 

Woodland Stewardship Planning