Examples of available programs include;

• Conservation Reserve Enhancement Program (CREP)

• Conservation Reserve Program (CRP)

• Conservation Stewardship Program (CSP)

• Environmental Quality Incentives Program (EQIP)

• North Carolina Forest Development Program (FDP)

• Southern Pine Beetle Prevention Program (SPBPP)

This depends on where you live and the specific program that will be funding the cost-sharing.

If cost-sharing is necessary for you to move forward with your forest management goals, we can explore the options that are most likely to provide you funding.

Tax assessments are done at the county level, so there will be some variation in PUV assessments from one county to another.

With that said, a typical rural property is likely to see at least a 50% reduction in annual property taxes.

Properties in more urbanized areas or properties that have more development potential are likely to see their annual tax burden reduced by 90% or higher. The reason for this greater reduction is because the original tax burden in these areas is typically far greater than in rural areas.

It is worth noting that only the portions of your property that are dedicated to the commercial growing of timber will receive PUV tax treatment

Absolutely. As long as we know the county you are in, the parcel number, and the number of acres that will be dedicated to commercial timber growth, the annual tax savings can be estimated with a high degree of certainty.

PUV assessments are calculated by dividing the amortized net present value (NPV) by a statutory capitalization rate of 9%.

The amortized NPV will vary depending primarily on the expected productivity of your forestland. With that said, moderately productive forestland will typically have an amortized NPV of around $27.00 per acre (using a 4% discount rate).

Using an amortized NPV of $27.00 per acre, a property would have a PUV assessment of $300.00 per acre (which is what you would pay taxes on). This is determined by diving $27.00 by the capitalization rate of 9%.

PUV assessments will vary from county to county. Your county’s use-value schedule is publicly available at the county tax office, and some county’s have made this information available online.

Yes. Once you receive PUV tax treatment, you are expected to comply with the forest management plan that was submitted with the application. A failure to comply with the recommendations outlined in the management plan will likely result in disqualification from the program.

The penalties for disqualification include;

• Current year taxes due based on market-value instead of present-use value.

• Deferred taxes for the previous three years plus interest will be owed. The deferred amount represents the difference in what you actually paid with PUV treatment and what you would have paid if taxed at market-value.

Non-compliance will likely be discovered, as a minimum of 12.5% of properties classed at PUV are required to undergo review by the county assessors each year.