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Book Impacts of Forest Tax Programs on Property Tax Rates in Michigan s Upper Peninsula and Northern Wisconsin

Download or read book Impacts of Forest Tax Programs on Property Tax Rates in Michigan s Upper Peninsula and Northern Wisconsin written by and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract : Forest tax programs offer reduced property taxes to private forest owners as incentive to sustainably manage their forests and to encourage the provision of ecosystem services. They also protect forests from conversion to other land uses and ensure the viable supply of timber for forest products industries. Despite the benefits that these programs provide, they can negatively impact local municipalities by reducing the property tax base, which can then cause local governments to increase tax rates for non-preferential properties in order to maintain revenue needed to run their services. This shifts the tax burden from participating properties to nonparticipating properties. The purpose of this study was to simulate and analyze the effects that increases in enrollment in the Commercial Forest and Managed Forest Law programs have on township millage rates in the Upper Peninsula of Michigan and the northern region of Wisconsin. Tax data were collected from the year 2018, and a deterministic model with hypothetical future scenarios was run to estimate the changes in the millage rate with 5%, 10%, and 15% increases in program enrollment. Such increases in enrollment resulted in the average township needing to increase the tax rates on non-enrolled properties by between 0.002% to 64.7%, depending on the magnitude of increased enrollment and pre-enrollment forestland values, to maintain a constant revenue. In general, the magnitude of the increase was rather minimal, but there was a range in sensitivity across townships with some experiencing much higher tax rate increases. Rural townships, with a low population and a smaller tax base were seen to be most sensitive to changes in program enrollment. Possible policy changes to the forest tax programs and the states' reimbursement policies may need to be considered to help mitigate any loss in tax revenue in the township and to lessen its sensitivity. However, this study only focuses on one side of the issue. Future research is needed to study the economic benefits that are received by the townships from enrollment in these forest tax programs, and to study if the benefits outweigh the costs of the programs.

Book Forest Taxation in the United States

Download or read book Forest Taxation in the United States written by Fred Rogers Fairchild and published by . This book was released on 1935 with total page 696 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taxation imposes a burden on all forms of enterprise. The business of growing forests carry a reasonable share of the load. It is widely believed that the existing tax system imposes more than a reasonable share on forestry and discourages the use of private land for this purpose. This report contains the more important results of a Forest Service investigation on this subject. It presents a background of facts about the existing methods of taxation and their relation to forestry. It weighs the effects of taxation on forest management. It develops the principles of sound forest taxation.

Book Optional Forest Yield Taxes in the United States

Download or read book Optional Forest Yield Taxes in the United States written by Gary D. Kronrad and published by . This book was released on 1986 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Forest Taxation Inquiry

    Forest Taxation Inquiry

    Book Details:
  • Author : United States. Forest Service
  • Publisher :
  • Release : 1930
  • ISBN :
  • Pages : 492 pages

Download or read book Forest Taxation Inquiry written by United States. Forest Service and published by . This book was released on 1930 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Property Tax Programs Focused on Forest Resources

Download or read book Property Tax Programs Focused on Forest Resources written by Calder M. Hibbard and published by . This book was released on 2001 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book State Forest Tax Law Digest

Download or read book State Forest Tax Law Digest written by United States. Forest Service and published by . This book was released on 1939 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book State Forest Tax Law Digest

Download or read book State Forest Tax Law Digest written by United States. Division of Forest Economics and Marketing Research and published by . This book was released on 1939 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Forest Property Tax Issues

Download or read book Forest Property Tax Issues written by University of Washington. Task Force on Forest Property Taxation and published by . This book was released on 1983 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Forest Taxation

Download or read book Forest Taxation written by and published by . This book was released on 1988 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Suggestions for the Solution of the Forest Tax Problem

Download or read book Suggestions for the Solution of the Forest Tax Problem written by United States. Forest Service and published by . This book was released on 1934 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: