2 edition of Taxes and assessments on Oregon forest land and timber found in the catalog.
Taxes and assessments on Oregon forest land and timber
Chal G. Landgren
|Statement||C.G. Landgren and N.E. Elwood.|
|Series||EC -- 1151, rev. March 1997., The Woodland workbook : Business management, Extension circular (Oregon State University. Extension Service) -- 1151., Woodland workbook|
|Contributions||Elwood, Norman E., Oregon State University. Extension Service.|
|The Physical Object|
|Pagination||10 p. :|
|Number of Pages||10|
timber, timber-cutting contracts, or forest land during the tax year, whether the acquisition was by purchase, exchange, gift, or inheritance. How to Report Acquisitions Report acquisitions during the tax year (whether taxable or not) of timber, timber-cutting contracts, or forest land. Report separately each acquisition of $10, or more. counties, as more than 50% of the land base in Oregon was, and continues to be, federally owned. The US Forest Service is in control of million acres of land throughout the state, while the Oregon and California Lands (O&C Lands) make up million acres through Southern and Western Oregon. As a result, local taxes are not collected on.
Current agricultural uses for forest and timberland for sale in Oregon include for livestock, irrigation, vineyard, timber, aquaculture, poultry, and orchard use. You'd be mad not to enjoy fishing in Oregon, which includes salmon and halibut feeding along the state's miles of shoreline, and burly salmon and steelhead running the cool, snow. Discover Oregon forest land for sale. Easily find forest property for sale in Oregon including acreage, rural property, vacant land, hunting land, recreational land, and investment property at
Oregon forest & timber Land for Sale Forest and Timber Land Sales in Oregon. Northwest Forest Properties brokers forest and timber properties throughout Oregon. Located in Eugene, our core area for forest land sales includes Lane, Douglas, Benton, Linn and Lincoln Counties. We have successfully listed forest properties from Columbia County to. The Oregon Department of Forestry reports delivered log prices for various regions, species and product groups. Price reports are available quarterly back to Contact for Timber Price Information.
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Valorem Tax. This put most Oregon forest-land under a land and severance tax system that based the annual property tax on percent of the specially assessed value, with a severance tax due after harvest on the value of the timber.
Forest Fee and Yield lands were to phase into the new system over a year Size: 1MB. The property tax is based upon a special-assessment value that represents the price a knowledgeable purchaser would pay for land that is primarily used to grow and harvest timber, which is typically much lower than the real market value.
The landowner is required to be actively growing a marketable species of trees on the property or have a plan for growing trees that will eventually be harvested. Details Oregon's Forestland Program, the Small Tract Forestland Option, the Small Tract Forestland (STF) Severance Tax, and the Forest Products Harvest Tax (FPHT).
Also discusses other fees and assessments such as for fire patrol and for Oregon Forest Land Protection Fund. Oregon has several forest tax and assessment programs.
All forestland owners pay an annual property tax. Some owners may owe a severance tax on cut timber, depending on how their forestland is classified for tax purposes. All harvesters of Oregon timber pay a Forest Products Harvest Tax (FPHT) on harvested timber. Resource Type: Technical ReportAuthor: Norman E.
Elwood, Norman A. Miller, Chal G. Landgren. Times property tax payments with cash flows from harvest. If substantial amounts of timber (above sustained yield amounts) are harvested early on, may pay more severance tax at harvest than would be due on an annual basis under the forestland program.
Pay annual property taxes based on 20 percent of forestland values. The Forest Products Harvest Tax (FPHT) is a tax on timber harvested from any land in Oregon, except most tribal lands. It was established to recover portions of the state's costs related to forest protection and forest research or to provide funding to improve public understanding of the state's forest resources.
(ev. ) 2. A landowner pays annual property tax on 20 percent of the forestland’s special assessment value. The STF severance tax is designed to recover the remaining 80 percent over the life of the property when timber is Size: 68KB. Oregon (Summary) Forestland Program.
Tax Type: Property taxes under this program range from 40 cents per acre to $ per acre, depending on location of the property and the ability of your property to grow timber. Description: The property tax on the land is based on the value of the land as forestland.
Currently, timber is not taxed through the property tax system. Property taxes under this program range from 40 cents per acre to $ per acre, depending on location of the property and the ability of your property to grow timber.
Eastern Oregon land is taxed at at an average of about 55 cents per acre. Western Oregon land is. severance tax is then applied to timber harvested from STF land to recover the revenue loss from the reduced assessment on the land.
Farm woodlot This is a farm use special assessment. The program is explained in our Farm Use Manual, Forestland and Timber Tax • –standing timber exempt from property tax oORS [and ] oAll timber in western [eastern] Oregon shall be exempt from ad valorem property taxation.
•Forestland owners responsible for: oProperty tax –annually, paid to the county oSeverance tax –at harvest, paid to the county.
Cruising all of Oregon’s timber land was a long and arduous task. Most of the work went into valuing the standing timber.
Land carried only nominal values. Bythe reappraisal plus rising timber prices drastically increased the value of timber on Oregon’s tax rolls. Timber assessed values in Western Oregon climbed from $38 million in.
Title: 29 - Revenue and taxation, chapter:Year:Last Accessed: Land is assessed at 20% of its forest land value and there is a % yield tax. Western Oregon small tract optional tax (WOSTOT) - a productivity tax based on % of the assessed value.
Oregon forestland assessment (OFLA) – a productivity tax for large landowners based on 75% of. The rate of tax on forest land is limited to 10 mills (the local rate is applicable if lower). Oregon. Forestland program-Property taxes under this program range from 40 cents per acre to $ per acre, For property tax purposes land used to grow timber is classified as “agricultural use land” and is taxed on the basis of its fair.
What are Property Taxes - In general, a property tax is considered to be a tax on property measured by the property's value as of a specified date.
Some states collect a forest property tax on both the value of the land and the trees while others collect the tax on the value of the land only. Forest landowners’ guide to the Federal income tax.
Agri-culture Handbook Washington, DC: U.S. Department of Agriculture. This guide updates and supersedes Agriculture Handbook No. Forest Landowners’ Guide to the Federal Income Tax, incorporating new tax. Welcome to the Douglas County Assessor’s Web site.
The purpose of this site is to provide convenient access to information 24 hours a day, 7 days a week.
On this site, or linked from this site, you will find information regarding the property assessment process, assessment history in Oregon, statutes that control the process, calendar of assessment/tax events in Oregon, information on how to.
Land Expectation Value Calculation in Timberland Valuation Appraisers often use discounted cash flow (DCF) techniques to value timber and timberland. Land expectation value (LEV) is a standard DCF technique applied to many timberland situations.
LEV calculates the value of bare land in perpetual timber production and is often used to value even. Tax tips for forest landowners for the tax year are now available online. Linda Wang, the U.S. Forest Service national timber tax specialist, prepares the tips each year.
More detailed information is available through a U.S. Department of Agriculture publication, the Forest Landowners Guide to the Federal Income Tax.
Written by Southern Research Station. A Discussion of FOREST TAXATION With Special Reference to Forest Taxation in Oregon Introduction Taxes are a substantial item of cost in a forestry enterprise. The importance of their effect on forestir is not realized by many people, because there is not much literature published on the subject of forest taxation, Even students of forestry get very little exposure to forest.(2) A taxpayer whose application filed under ORS (Application for forestland designation) has been denied in whole or in part, or a taxpayer whose forestland has had the designation thereof removed in whole or in part, may appeal to the Oregon Tax Court within the time and in the manner provided in ORS (Oregon Tax Court) to Oregon’s timber tax programs All timber harvested in Oregon is subject to the forest products harvest tax.
In addition, harvests may be subject to the small tract forestland (STF) severance tax. Timber taxes are calculated using the volume of timber harvested. 1.
Forest products harvest tax Oregon Revised Statutes (ORS ) 2.