Home    
   
 
3/19/2010
Taxable value of conservation use properties will not increase
Forest landowners with property enrolled in Georgia's Conservation Use Valuation Assessment (CUVA) or Forest Land Protection Act (FLPA) property tax programs should study this year's tax bills very carefully. Legislation passed in 2009 (O.C.G.A. 48-5-2(3)(6)) prohibits the assessed value of property, including CUVA and FLPA property, from increasing until after the law's sunset date of January 1, 2011. Informational Bulletin #2010-1 released on March 16 by the Georgia Department of Revenue reminds tax officials and property owners that "increases in the current use value cannot be applied to existing covenants with the exception of a few counties that have implemented constitutional millage cap rates". Click here for a copy of DOR's informational bulletin.
 

 



Adobe Acrobat Reader is required to view .pdf files. Obtain a free copy by clicking here
 
     

 
Copyright © 2010 Georgia Forestry Association..
Site Designer: Progressive Consulting Technologies, Inc.