SFIA has is structured around a year-long calendar that requires annual certification and payments. Here are some important dates for landowners in SFIA to keep in mind.
Forest management plan must be submitted to DNR for registration by September 15 to be eligible for enrollment in SFIA the following year.
SFIA new application deadline is October 31, to be eligible for enrollment in SFIA the following year.
Dept. of Revenue mails out annual certification letters to all SFIA enrollees at the beginning of May each year.
If you need to update your forest management plan it must be submitted to DNR for registration by May 15 in order to receive payment in the same calendar year. Plans need to be updated every 10 years to remain eligible for SFIA payments
Annual certification letters must be completed by landowners and returned to the Dept. of Revenue by July 1 each year.
The Dept. of Revenue sends out annual incentive payments at the beginning of October each year.
SFIA payment rates are adjusted each year based on statewide average market values and tax rates, but will not increase or decrease by more than 10 percent per year. For SFIA land that is also in a conservation easement, there is one covenant option. For all other land, there are 3 covenant lengths and payment options based on the number of acres enrolled. The estimated 2018 payment rates are:
Payment Rate (per acre)
Less than 1,920 acres enrolled: $8.91
Less than 1,920 acres enrolled: $12.33
Less than 1,920 acres enrolled: $15.76
8 years: SFIA land with a conservation easement
Enrolled in SFIA for 2017: $7.00