Helping You Manage Your Natural Resource Responsibly
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Mobile: 919-815-3468
Forest Taxation
Forest Taxation
Let True North Forest Management Services help you qualify for forestry land-use tax evaluation and reduce the property tax burden from your forestland. The Forest Management Plan that I prepare for you can be used to apply for assessment under the Land Use Taxation Program. Qualifying your property under this program will lower the assessed tax base in your property and can significantly reduce the annual property taxes you owe on your timberland each year. Let me explain the criteria for qualification under the program and help you take the necessary application steps to reducing your property taxes each year.
True North can also help you understand timber taxations and how to file federal income taxes for income you generate from timber sales. There are some key points you need to understand to qualify for long-term capital gains treatment and how to expense a timber sale. There are also federal income-tax credits for reforestation expenses
"There are only two certainties: death and taxes" - Ben Franklin
True North Forest Management Services
Helping You Manage Your Natural Resource Responsibly
