Vermont's Use Value Appraisal Property Tax Program

Download or read book Vermont's Use Value Appraisal Property Tax Program written by Paul E. Sendak and published by . This book was released on 1989 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: S2Vermonts Use Value Appraisal (UVA) property tax program was designed to slow the rate of development of rural land, encourage prediction from agricultural and forest lands, and conserve and preserve a working rural landscape by making taxation of underdeveloped land more equitable. In 1987, more than 669,000 acres were enrolled in the UVA Forest Land Program, 18 percent of the potentially eligible forest land. Forest inventory statistics were produced for these lands using data collected in the fourth forest survey of Vermont. UVA forest land comprises slightly more than a billion cubic feet of growing stock, including 2.2 million board feet of sawtimber. Forest inventory data indicate that timberland in the UVA program mirrors Vermont timberland in general. It does not appear that a disproportionate amount of poor sites or good sites are enrolled. Nor does the quantity or quality of the timber appear to be disproportionately representative. The projected net growth on UVA timberland could supply almost half the annual removals in the State. S3.