New Hampshire Contract Forest
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FAQ
Currently, New Hampshire is home to nearly 4.8 million acres of forest land (Table 1) which make its land approximately 83 percent forested.
Currently, New Hampshire is home to nearly 4.8 million acres of forest land (Table 1) which make its land approximately 83 percent forested.
1. The land use change tax is 10% of the full and true value of the land that no longer qualifies for current use (RSA 79-A:7). The 10% land use change tax is not based upon the amount of taxes saved over the years in which the property was in current use.
With a stumpage sale, the buyer takes ownership of the timber from the landowner when the trees are harvested. Stumpage rates are proposed by the buyer (typically a logging contractor, forester, or mill) and stumpage paid to the landowner in exchange for the right to harvest their timber.
A typical timber sale contract usually contains the following: a description of the timber to be sold (estimated volume, number of trees and species), which timber will and will not be cut, the selling price (either lump sum or unit price), terms of payment, the location and boundaries of the sale, and time allowed to
