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.