Protecting landowners from skyrocketing woodland assessments
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[May 31, 2007]
SPRINGFIELD -- The state Senate has
approved a measure to save rural landowners from skyrocketing
assessments for nonproductive woodland, prairie and wetlands.
Senate Bill 17 passed by a vote of 57-0, according to state Sen.
Larry Bomke, R-Springfield.
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Senate Bill 17 creates the
Conservation Stewardship Law, which will provide permanent property
tax relief to landowners with unimproved land. The problem was
caused in 2004 when the Illinois Department of Revenue changed the
rules for classifying certain types of land for assessment purposes.
After the change in rules, some property owners saw that land that
had been previously taxed at $2 per acre could climb as high as $50
to $70 per acre even though the land was not being used for
agricultural, commercial and residential purposes. The new
legislation will not affect lands that are already maintained in a
forestry program.
The agreement was reached as part of the work of the Woodlands
Task Force, formed in 2006 by a House joint resolution that froze
the assessments at the 2004 levels.
Once Senate Bill 17 becomes law, landowners must place land in an
approved conservation stewardship plan, to be administered by the
Department of Natural Resources. Lands will then be assessed at 5
percent of their market value. Landowners must possess at least 5
acres of woodlands, prairie, wetlands, and other vacant or
undeveloped land to qualify for the new program.
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Eligible land includes woodlands, prairie, wetlands, or other
vacant or undeveloped land that is not used for any residential or
commercial purposes. Sale or transfer of lands will not be affected
under the plan unless the property fails to meet the conservation
plans or falls below the 5-acre requirement.
"My hope is that this legislation will save people from having to
sell their land," said Bomke.
Senate Bill 17 still needs the approval of the House of
Representatives and governor.
[Text from news release sent on
behalf of
Sen. Larry Bomke and received
from Illinois
Senate Republican staff]
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