Form 201 Fp - Forest Products Harvest Tax Return Sample (2004) - Oregon Department Of Revenue Page 4
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42Forests contain Oregon’s most valuable natural resource—trees. The pol-
Introduction
icy of the State of Oregon is to protect these forest resources and encour-
age the long-term management of the state’s forests through its laws.
Before harvesting, a Notification of Operations (permit) must be obtained
from the Oregon Department of Forestry. These permits are free. There is
a $250 penalty for logging without a permit.
Beginning in 2004, significant changes to forestland and timber taxation
went into effect.
The tax programs below provide a reduction in property tax compared
Property Tax
to what you would pay if your tax was based on the real market value of
on Forestland in
the land. The main difference between the two programs is when the tax
is paid.
Oregon
Forestland Program Tax (ORS 321.257–321.390 and 321.805–321.855).
This tax is an annual property tax based on a specially assessed value. No
tax return is required.
Small Tract Forestland (STF) Option (ORS 321.700–321.722). Forestland
owners with 10 to 4,999 acres may apply for this program. Under this
program, annual property taxes are based on 20 percent of the specially
assessed value. The remainder is paid through the STF Severance Tax (see
below) when timber is harvested.
Small Tract Forestland (STF) Severance Tax (ORS 321.726–321.754). This
Oregon’s Timber Tax
program is for forestland owners with 10 to 4,999 acres. A landowner
Programs
pays 20 percent of the property tax through the annual property tax sys-
tem. The remaining 80 percent is paid as timber is harvested. A severance
tax return is required.
Forest Products Harvest Tax (ORS 321.005). All timber harvested in
Oregon is subject to this tax. The tax is based on the volume of timber
harvested. A timber tax return is required.
All owners of more than two acres of forestland were automatically placed in
Oregon
the Forestland Program as of July 1, 2004. “Forestland” is defined in Oregon
Forestland
Revised Statute (ORS) 321.257(2) for western Oregon and in ORS 321.805(4)
for eastern Oregon. These statutes define forestland as “land that is being
Program
held or used for the predominant purpose of growing and harvesting trees of
a marketable species and that has been designated as forestland, or land…the
ORS 321.257-321.390 and
highest and best use of which is the growing and harvesting of such trees.”
ORS 321.805-321.855
Currently, 7.4 million acres in Oregon are taxed under the Forestland Pro-
gram. Owners of land under this program pay property taxes annually to the
county. The property tax is based on a specially assessed value that is often
less than the real market value used for taxing other types of properties.
The property tax under this program ranges from $.40 per acre to $6.75
per acre, depending on the location of the property and the property’s
ability to grow timber.
4
150-441-409 (Rev. 2-05)
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