Moose poacher arrested

Rusty · 10-31-2014, 05:45 PM

Quote:

Originally Posted by tis

Which is all probably under current use and which he was trying to sell.

What does "under current use" mean? It's all wooded land without any houses on it.

Slickcraft · 10-31-2014, 06:18 PM

Quote:

Originally Posted by Rusty

What does "under current use" mean? It's all wooded land without any houses on it.

If you have more than 10A of undeveloped land, say forested or farm land fields, you can apply to have the land taxed based on the "current use value". The current use value of the land would be much less for forest land than say highest and best use like a sub-division.

This results in much lower taxes and is to encourage the preservation of forest and farm land. If and when the land is developed then a "land use change tax" penalty must be paid, 10% of the developed land (house lots) value. This tax revenue can in turn (local town option) go into a conservation fund to help preserve other undeveloped land.

tis · 10-31-2014, 06:35 PM

Thank you Slick for explaining to Rusty.

Rusty · 10-31-2014, 06:35 PM

Thanks for the explanation Slickcraft .

10-31-2014, 06:35 PM	#4
Rusty Senior Member Join Date: Oct 2010 Posts: 2,028 Thanks: 603 Thanked 687 Times in 425 Posts	Thanks for the explanation Slickcraft . __________________ It's never crowded along the extra mile.

The Following User Says Thank You to Slickcraft For This Useful Post:
Rusty (10-31-2014)

10-31-2014, 06:35 PM	#3
tis Senior Member Join Date: Jan 2006 Posts: 6,810 Thanks: 759 Thanked 1,469 Times in 1,025 Posts	Thank you Slick for explaining to Rusty.