Forestland use is land that is part of a forest unit that is actively engaged in the commercial growing of trees under a sound management program. The requirements for a forestland deferment are as follows:
- One tract must consist of at least 20 acres that are in actual production of trees.
- May consist of more than one tract of forestland, but at least one of the tracts must meet the requirements and each tract must be under a sound management program.
- If individually owned, the property must be the owner's residence or have been owned by the current owner or a relative of the current owner for four years proceeding January 1 of the year in which the benefit is claimed.
- If property loses its eligibility for any reason, deferred taxes become due for the current year plus three previous years, plus interest for all prior years. If only a part of the qualifying tract loses its eligibility, a determination shall be made of the amount of deferred taxes applicable to that part, and that amount shall become payable with interest.