Form RP-480-A Application for Real Property Tax Exemption for Forest Land - New York

What Is Form RP-480-A?

This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form RP-480-A?A: Form RP-480-A is the Application for Real Property Tax Exemption for Forest Land in New York.

Q: Who is eligible to apply for this exemption?A: Owners of forest land in New York are eligible to apply for this exemption.

Q: What is the purpose of the exemption?A: The purpose of this exemption is to encourage the preservation and sustainable management of forest land by providing a tax break.

Q: What are the requirements to qualify for this exemption?A: To qualify, the forest land must be at least 50 acres in size, actively managed for the production of timber or forest products, and meet certain forestry management practices.

Q: How can I apply for this exemption?A: You can apply for this exemption by completing and submitting Form RP-480-A to the assessor's office in the municipality where the forest land is located.

Q: Are there any deadlines for applying?A: Yes, the application must be filed by March 1st of the year in which the exemption is sought.

Q: What documentation do I need to submit with the application?A: You will need to submit a map, aerial photo, or other suitable documentation that shows the boundaries of the forest land, as well as evidence of compliance with forestry management practices.

Q: How long does the exemption last?A: The exemption is granted for a period of 10 years, but it must be renewed every 10 years to remain in effect.

Q: Can the exemption be transferred to a new owner if the property is sold?A: Yes, the exemption can be transferred to a new owner as long as the new owner continues to meet the eligibility requirements.

Q: What happens if the forest land is no longer eligible for the exemption?A: If the forest land no longer meets the eligibility requirements, the exemption will be discontinued and the property owner will be responsible for paying the full property taxes.