Form 56-067 Forest or Fruit Tree Reservation Property Tax Exemption - Iowa

What Is Form 56-067?

This is a legal form that was released by the Iowa Department of Revenue - a government authority operating within Iowa. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 56-067?A: Form 56-067 is a form used in Iowa to apply for a property tax exemption for forest or fruit tree reservations.

Q: Who can apply for the property tax exemption?A: Any Iowa property owner who has a forest or fruit tree reservation on their property can apply for the exemption.

Q: What is a forest or fruit tree reservation?A: A forest or fruit tree reservation is an area of land that is set aside for the growth and cultivation of trees for timber or fruit production.

Q: What are the requirements for the exemption?A: To qualify for the exemption, the property owner must have a minimum of 2 acres of land dedicated to the reservation and meet certain planting and management requirements.

Q: How do I apply for the exemption?A: To apply for the exemption, you need to complete and submit Form 56-067 to your local county assessor's office.

Q: When is the deadline to apply for the exemption?A: The deadline to apply for the exemption is July 1st of the assessment year for which the exemption is being requested.

Q: Is there a fee to apply for the exemption?A: No, there is no fee to apply for the property tax exemption.

Q: How long does the exemption last?A: Once approved, the exemption will remain in effect for the length of the agreement, which is typically 10 years.

Q: Are there any penalties for non-compliance with the requirements?A: Yes, failure to comply with the planting and management requirements may result in the exemption being revoked and penalties being imposed.