Classified Forest - Neely, Henry_1/22/1974 (3)r= �
S TAT�
f INDIANA
DEPARTMENT OF�NATURAL RESOURCES
JOSEPH D. CLOUD
DIRECTOR
Division of Forestry
Auditor Gibson County
Princeton Indiana
Dear Sir:
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INDIANAPOLIS, 46204
January 16, 1974
Enclosed is a completed declassification form on a tract of land ocmed
bY H. C. Neely
This land is being declassified by the Division of Forestry under the
provisions outlined in Section 18 of the Classification Act of 1921.
Please make the withdrawal of this land from classification a matter
of .recozd in your office and place the above described land back on
the tax duolicate at its normal assessed valuation and notify me of
�our receipt of this letter in order that the records of the Division
of Forestry be completed.
Please consult Section 17 of the enclosed copy of the Classification
9ct in :egard to taxes. There is a tax of none per acre to be
collected on this withdrawal.
Sincerely yours,
DEPARTMENT OF NATURAL RESOURCES
DIVISION OF FORESTRY
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John F. Datena
State Forester
JFD/rh
Enclosure
CT 237 r
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CL-208a
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DEPARTMENT OF NATURAL RESOURCES
STATE OF INDIANA
Indianapolis
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I, J. T. Costello, State Forester, do hereby find and certify that the .
provisions of an Act approved March 10, 1921, and as amended entitled
"An Act to encourage timber production and to protect watersheds by
classifying certain lands as forest larids; and prescribing a method of
assessing (appraising) lands thus classified for purposes of taxation,
"are not being carried out on the following described land owned by
H• C. Neelv of liGO N. Spn�rn �� Dr1n___�____a►n�rjpd• (�)$]0
(address, to wit: �
A part of the NE� of the NW} of Sec. 29� T2S� R12W described ae follovss
Beginning at the NE corner of ehe Nld} and run S 858 feetf ehence N 264 feet=
thenca N 330 feet{ ehence M' 131 feetj [hence N 528 feett ehence fi 395
feet; to place of beginning. Containing 6.8 acres.
A part of the SN� of NW� of See 29, T2S� R12N. Described as follovss
Beginning 100 roda N and 8 rods E ofFthe SH c:arner of ehe NW� and thence S 396
fee[; ehence E 462 feet{ t!:�.^.ee N 19$ feet; r.hence E 198 feet{ [hence N 198 feeCt
thence W 660 feet to place of baglnning eontaining S acres more ar less.
Pursuant to the authority vested 1n me by said Act, I the efore, notify
said owner, the County Auditor, and County Recorder of
Couaty that said land above described has been this %(o day of
rJ withdrawn from classification, according to the
te s and su ject to the provisions of said above mentioned Act, and
hereby notify said Auditor, and said Recorder to change the appraisal
of said land, as provided by law.
This land tias been cleared.
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REPORT OF APPRAISEMENT
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��� County Assessor of
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County, Indtana c r[ify thac the appraisemen[ is on the lan herein described
and tl�at the fair market value of the whole land classified on the date of
12/31/51 w�s $ �5•�0 per acre; and that the land so described now is
worth $ 3 T�er acre. (Note: The difference in these two appraisals is
the Increment Tax.)
Further, [hat the true cash value of the remaining land of the section or
sec[ions outside of the cities and towns in which the land proposed for witti-
drawal from classifica[ion is located is worth as follows per acre:
Present Market Market Value
. Value When Classified
F E3 �l6�keS
The N.W. !t of Sec.30, T2S, R12N is worth $ �s�� � 75 00 �
„ ., .
'I'he S.k'. % of Sec.29, T2S. R12W is worth $ $ 75.00
The N.E. Z of Sec.29. T2S. R12N is worth $ �� $ 75.00
The S.E. '-t of Sec.29, T2S. R12W is worth $ � �� $ 75�Q(1
Da[e� ��'- 7,3
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\OTE: The land to be appraised is to be valued at its fair market value
exclusive of all [imber, buildings, and other improvements, but shall in-
clude any mineral, stone, oil, or gas value it may have. If [he annraise-
men[ is satisfactorv to the owner and State Forester it is not necessary
to obtain siRnatures of the County Auditor and County Treasurer_._
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BACK TAX COMPUTATION
GUIDE SHEET
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This form should be used to compute the back taxes owed when a classified
forest or a portion'of a classified forest is to be withdrawn.
Column 1 - Year
Start with the present year and work backwards. Since the law specifies
that the landowner will not be taxed for more than 10 years, there are
only 10 blanks. There could be cases where the forest_will be classified
for less than 10 years. In this case, you will only use the number of
years that the woodland has been-im the Classified Forest Program.
Column 2- Assessed Value Per'Acre Minus $1.00
You will need to check past.records in order to.determine the appraised _
values of the land for each of the past 10 years. The assessed value is
determined by dividing the appraised value by three. In addition, the
assessed value should be reduced by one dollar because the landowner has
already paid taxes on a one dollar assessment for each of the years that
his land has been in the Classified Forest Program. The adjusted assess-
ment should be entered in Column Z•
Column 3- Annual Tax Rate
You will need to check your records to determine what the tax rate was for
each year. This amount in dollars will be entered in Column 3.
Column 4- Taxes Due Per Acre
Multiply Column 2 times Column 3 and then divide this figure by 100. This
should be rounded off to the nearest whole cent.
Column 5 - Interest Factor
These figures are constant and should not.be altered
taken from a standard per annum interest table.
Column 6- Amount Due Per Acre for the Year
They have been
Multiply Column 4 times the figure found in Column 5. This is the amount
of tax plus interest owed on one acre of Classified Forest, for one par-
ticular year., The total of this column is the amount which should be
paid per'acre for the 10 year (or less) period.
To complete the process of calculating taxes owed, take the total of
Column 6 and multiply it by the number of acres to be withdrawn. This is
the total taxes owed for the withdrawal.
If there are any questions with this form, contact the service forester
for your county.
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SF� 208
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This instrument was prepared by the Divieion of Foreatry, Indiana Department
of Natural Resources. .
I hereby approve of the approval of the preceding withdrawal.
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gnature of State Forester
`/'�L��/�i ��//Y/i
Witness d
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Address
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Da[e Auditor was notified of withdrawal /-�lO r.7 �
Da[e Auditor acknowledged receipt of withdrawal notice I—�� — 75�
Date Recorder notified of wi
Date Recorder acknowledged receipt of withdrawal notice _ �
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