Senate Working to Strengthen Current Use Program
The Senate Committee on Natural Resources & Energy is continuing work on S.311 which makes one minor, but important, change to the use value appraisal (“current use”) program. Last fall, the Legislature hired a consultant to review the program, which allows taxation of farm and forestland at its use value, instead of its fair market value. The report concluded the program is meeting the goals established at its inception thirty years ago.
The change allows up to 20% of a managed forest parcel enrolled in the program to be managed for conservation and the preservation of fragile resources. This will provide greater incentive for landowners to enroll additional land in the program, giving greater protection to the state’s working landscape.