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| TAX OUTLINE |
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| TAX DESCRIPTIONS |
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| COMMERCIAL FOREST |
LEGAL CITATION: |
M.C.L. 324.51101-324.51120; 1995 PA 57. |
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| YEAR ADOPTED: |
1925. The former statute (1925 PA 94) was repealed and replaced by 1995 PA 57. |
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| BASIS OF TAX: |
In lieu of general property taxation. |
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| MEASURE OF TAX (BASE): |
Lands placed in commercial forest reserve (generally, 40 acre minimum). |
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| RATE: |
Specific: $1.20 per acre until December 31, 2011. Beginning January 1, 2012, and every five years after that date, the tax rate will be increased by five cents per acre. (state also pays $1.20 per acre until December 31, 2011. Beginning January 1, 2012, and every five years after that date, the annual state payment will increase by five cents per acre to each county within which acreage is located). Withdrawal: $1.00 per acre application fee with a minimum fee of $200 per application and a maximum of $1,000 per application, plus per acre penalty. The penalty is a function of the number of acres withdrawn, value of comparable acres, total millage rate in the local unit where property is located, and the number of years, up to seven, in which the withdrawn property had been designated as commercial forestland.
For commercial forestland that is subject to a sustainable forest conservation easement, the rate is 15 cents per acre less than the rate for all other commercial forestland. The application fee for withdrawal is $2.00 per acre with a minimum fee of $200 per application and a maximum of $1,000 per application. |
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| ADMINISTRATION: |
Department of Natural Resources; Township Assessors, Township and County Treasurers. |
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| REPORT AND PAYMENT: |
Specific: with property tax; Withdrawal: with application to withdraw. |
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| DISPOSITION: |
Distributed to local units in same proportion as General Property Tax except that school operating portion is paid to School Aid Fund. |
Last Updated July 21, 2008
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