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I am sure we can all agree we are grateful Monday is over! I don’t know why Monday’s are so hectic but I am certain they are for everyone. Now that the hustle and bustle of paperwork is over, Tuesday brings time to sit with clients and talk about some of the details involved in buying vacant land.
One of the most common questions I answer in a day is what is CFA land or what is Commercial Forest? Simply put, when a property is enrolled in the Commercial Forest Rescourse Act (CFA/CFR) it means that a private property owner has taken advantage of the property tax reduction available by the State of Michigan. Participants pay $1.10 per acre per year in property taxes. They must:
- Have a property forest management plan in place
- Allow the public to hunt and fish their land
- Are not permitted to build a permanent structure ie: deer blinds, cabins, etc.
These are just a few basic ideas of the program. A detail of the program can be found by visiting the DNR website or by clicking on the “forest management and planning” link in the sidebar.
If you are looking for remote property with a lot of room to roam, buying next to, or very near CFA land certainly has its advantages. Especially if your budget only allows you to purchase a smaller parcel. If you are thinking about purchasing a large parcel, this program can certainly help with the property taxes.
I hope you all enjoy the week ahead and can look forward to doing a little bird hunting. Early bow season opens October 1st. and ends November 14th. in the Upper Peninsula of Michigan.
