Continuously updating western Oregon timber inventories was expensive. In Oregon, it is the landowner’s legal responsibility to pay the required harvest tax. The balance of the Western Oregon Timber Severance Tax Fund, as of May 1 of each calendar year, shall be distributed as follows: (a) 60.5 percent to the State School Fund established under ORS 327.008 (State School Fund). This put most Oregon forest-land under a land and severance tax system that based the annual property tax on 100 percent of the specially assessed value, The National Timber Tax Website was developed to be used by timberland owners, as well as a reference for accountants, attorneys, consulting foresters and other professionals who work with timberland owners regarding the tax treatment of timber related activities. . The biggest tax break, the elimination of the Oregon severance tax on private timber holdings, happened in the 1990’s, when few currently in … In 1977, new laws replaced the Western Oregon Ad Valorem Tax. Min/Max Acreage: minimum 2 acres. This is an extraordinary story about the manipulation of the legislature to give timber owners a free ride in Oregon . from taxes and from regulations. 2015 Understanding Oregon’s Timber Tax Programs and How to Complete Forms Forests contain one of Oregon’s most valuable natural resources—trees. Tax Treatment of Timber. Currently, timber is not taxed through the property tax system. No distinction is made between timber harvested from private lands or government-owned lands. Title: Understanding Oregon’s Timber Tax Programs and How to Complete Forms, 150-441-409 Author: Oregon Department of Revenue Created Date: 7/1/2015 8:07:37 AM The Forest Products Harvest Tax (FPHT) applies to timber harvested from any land in Oregon. (a) Which taxpayers were sent timber tax returns; and (b) Receipt of tax returns filed. Program Requirements . Skip to the main content of the page; Property Tax. A distribution made under this paragraph shall be made on or before May 15 of the year. Tax Responsibility: Specify in the contract who is responsible to pay required timber harvest tax, based on the harvest volume. Stating this in the contract removes any doubt about expectations. Property taxes under this program vary, depending on location of the property and the ability to grow timber. The tax has been eliminated for large timber companies, but forestland owners with fewer than 5,000 acres can still opt to pay it as a means of further reducing their property taxes. (6) Taxpayers who fail to file a timber tax return will be mailed a Notice of Failure to File which shall include: (a) The timber tax program(s) for which taxpayer has failed to file; (b) A statement that the tax return is due even if no harvest occurred; and Oregon's Timber Tax Fairness Please join us for a Zoom discussion"Timber Tax Fairness: for Counties, Water and Forests”Each session is focused on an area of the stateJoin others from your area to discuss how best to address these issues through timber tax reform Harvesting Timber and Timber Taxes 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. taxes; instead, a severance tax was due when timber was cut. Oregon Department of Revenue / Programs / Property Tax / Timber taxes Min. . The ability to grow timber on location of the year stating this in the contract removes any doubt expectations. 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