Form 150-390-001 - Application For Small Tract Forestland Page 2
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1
2General Information
Definitions
Note: If you own land in multiple counties that you want to
have assessed as STF, you must file a separate application in
Common ownership. Direct ownership by one or more indi-
each county where the land is located.
viduals or ownership by a corporation, partnership, or associa-
tion in which an individual owns a majority interest (more than
*Filing deadline for purchases of STF and
50 percent).
continuing qualification
(ORS 321.719)
Contiguous parcels. Parcels that have a common boundary
If you purchased land under the STF option and you meet
that is greater than a single point. Includes parcels separated by
the requirements, you may apply to continue in the program.
public or county roads, state highways, non-navigable streams
Application must be made within 30 days after the date the
or non-navigable rivers.
county assessor issues a notice of intent to disqualify under
ORS 321.716.
Forestland. Land that is being held or used predominantly
to grow and harvest trees of marketable species and has been
You may file an application for continued qualification after the
designated as forestland, or land that’s highest and best use is
date stated above if:
growing and harvesting such trees.
• The application is filed on or before December 15 of the first
Small Tract Forestland (STF). Forestland of an owner that
year the land would have otherwise been disqualified from
STF, and
meets the requirements below and is the subject of an approved
• You pay a $200 late filing fee at the time the application is filed.
application.
Social Security number (SSN)
Approval of application
The request for your SSN is authorized by Section 405, Title 42,
The application is deemed to have been approved unless the
of the United States Code. You must provide this information.
assessor gives the applicant written notice of denial within three
It will be used to establish your identity for tax purposes only.
months of the application or prior to August 15, whichever is later.
Business identification number (BIN)
Taxation of STF
The business identification number (if known) is assigned by
Property tax on STF is based on 20 percent of the forestland
the Department of Revenue (DOR) and used as your account
special assessment value. Harvest from STF is subject to a
number for filing timber tax returns.
volume-based severance tax.
Requirements
(ORS 321.709)
Requirement to notify county assessor
(ORS 321.712)
To qualify for STF assessment, the following requirements must
be met:
You must notify the county assessor in writing if:
• The forestland that is the subject of the application must meet
• You acquire tax lots that are contiguous to STF you own.
minimal stocking and species applicable to forestland under
• You acquire forestland that results in you owning at least
rules adopted by the Department of Revenue.
5,000 acres of Oregon forestland.
• The total Oregon forestland ownership of the owner is at least
• You sell forestland that results in you owning less than 10
10 acres but less than 5,000 acres.
acres of Oregon forestland.
• All forestland acres in a single tax lot and in contiguous par-
• There is a change in the use of any portion of your STF to a
cels must be included in the application.
use that is not a forestland use.
• The forestland must not have been disqualified from STF in
Note: You may be disqualified from STF if you do not send the
any of the five preceding tax years.
required written notice.
All individuals who have an ownership interest in the forest-
land affected by the application must sign (e.g., if owned by a
Disqualification or removal
husband and wife, then both must sign).
The county assessor may disqualify lands that do not continue
to meet the standards for this program. The owner of the dis-
Application Deadline
(ORS 321.706)
qualified lands will be required to pay an additional tax assess-
You must apply to the county assessor on or before the later of:
ment. This additional assessment recaptures the amount of tax
that was deferred while land was under the STF Option (up to
• April 1 of the first assessment year you want the land to be
10 years). See your county assessor for more information.
assessed as small tract forestland.
• Within 30 days after receiving notice of the land’s assessment
Right of appeal
[ORS 321.706(7)]
as omitted property.
• December 15 of the first assessment year you want the land to
An owner, whose application has been denied, in whole or in
be assessed as small tract forestland if, for the prior year, the
part, may appeal to the Oregon Tax Court, Magistrate Divi-
land was highest and best use forestland, and currently the
sion, 1163 State St., Salem OR 97301-2563; 503-986-5650; courts.
land is being assessed at a value reflecting a use other than
oregon.gov/Tax/index.page; within 90 days of notification of
the denial.
highest and best use forestland.
150-390-001 (Rev. 02-11)
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