Conservation Use Valuation Assessment (CUVA) for timberland
馃嚭馃嚫 GA, United States 路 Georgia Department of Revenue and county boards of tax assessors
Timberland assessed at 40 percent of its current-use value instead of market value for a ten-year covenant
Georgia's conservation use program lets owners of agricultural land, timberland and environmentally sensitive land pay property tax on current-use value rather than development value. Owners sign a ten-year covenant to keep the land in a qualifying use; annual value changes are capped at 3 percent.
Who qualifies
Land owned by one or more natural or naturalized citizens (plus certain family farm entities, estates, trusts and nonprofit conservation groups); an owner may not have an interest in more than 2,000 acres of enrolled land. Timberland is classed W1 to W9.
How to apply
File an application with your county board of tax assessors; Columbia County, for example, requires it on or before April 1. Breaking the covenant means repaying twice the tax savings received.
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