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Observing Forest Property Tax Enrollment Preferences in Light of a Multiyear Restriction on Development

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Abstract:

The cost of an 8-year developmental deed restriction for nonindustrial private forest (NIPF) owners in Minnesota was estimated by examining the property tax records from 1,200 landowners (1,341 parcels) who enrolled in one of two property tax incentive programs that promote sustainable forest management. These programs were the Minnesota Sustainable Forest Incentive Act (SFIA) and the Minnesota 2c Managed Forest Lands (2c) program. The coexistence of these two programs provided a unique opportunity to analyze empirical data on NIPF resistance to a temporary loss of developmental rights. This study found that a majority of the landowners in our study were willing to forego substantial annual property tax savings ($422 on average) to avoid the deed restriction required by the SFIA program. A logistic model was developed to predict the probability of enrollment in the SFIA program over the 2c program. Developmental pressure, as measured by two proximate variables, and the level of annual financial savings offered by each program, were highly significant variables in predicting a landowner's enrollment decision.

Keywords: covenant; nonindustrial private forest owners; property taxes; sustainable forest incentive program

Document Type: Research Article

DOI: http://dx.doi.org/10.5849/njaf.12-016

Publication date: June 1, 2013

More about this publication?
  • Each regional journal of applied forestry focuses on research, practice, and techniques targeted to foresters and allied professionals in specific regions of the United States and Canada. The Northern Journal of Applied Forestry covers northeastern, midwestern, and boreal forests in the United States and Canada.
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