Good news on taxes for owners of MFL acres.
The Wisconsin Department of Revenue has updated the tax rate for land enrolled in the Managed Forest Law and Forest Crop Law, and the rate is slightly lower for MFL. FCL acres remain taxed at the same or higher rate, depending upon when they were enrolled.
Tax rates are calculated based upon a fixed formula. They are recalculated every five years for MFL land and every ten years for FCL land. Here are the new rates:
For 2023 through 2027, MFL acres entered before 2005 (1987-2004):
Open land (acreage share tax): $0.72/acre (Currently $0.74/acre)
Closed land (acreage share tax plus $0.96/acre closed acreage fee): $1.68/acre (Currently $1.75/acre)
For 2023 through 2027, MFL acres entered after 2004 (2005 and later):
Open land (acreage share tax): $1.90/acre (Currrently $2.04/acre)
Closed land (acreage share tax plus $7.59/acre closed acreage fee): $9.49/acre (Currently $10.20/acre)
For 2023 thrugh 2033, FCL Tax Rates:
Before 1972: $0.10/acre (Does not change)
After 1972: $3.60/acre (Currently $2.52)
The new rates take effect January 1, 2023.