We have this in New York. You can save as much as 70% on your tax bill yearly. But, they have requirements such as you must have a minimum of 50 acres, and it must be TOTALLY covered in trees. Open spaces will not count. You can plant trees in the open spaces if you want that to count toward the 50 acres, but it won't count until 5 years have past and the trees are still there growing!!!

You will need a Certified Forester (CF) to come in and survey the land and file your papers with the State. Then when you harvest the required trees, the CF takes like 10% of the profits as compensation. Letting others hunt on the property DOSEN'T affect your tax deduction, at least not in New York.