Sept. 14, 2007 – The Coral Bay Community Council is hosting a meeting on the V.I. Forestry Stewardship Program and its implications for reducing property taxes on eligible properties over three acres. It will be held at 1:30 p.m., on Wednesday, Sept. 19, in the Nazareth Lutheran Church Fellowship Hall in Cruz Bay.
Marilyn Chakroff of the V.I. Agriculture Department, who runs the program, will explain the program and lead the discussion. "Simply put, if a landowner of more than three acres makes a commitment to manage, protect and improve the natural terrain for a period of 10 years, and has a plan for doing so, they may be eligible for a 95 percent property-tax exemption, similar to the agricultural exemption," according to Chakroff.
Sharon Coldren of CBCC noted that it might be possible to include a stormwater detention pond project within this designation.
