| Changes to Forestland Taxes |
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Oregon´s 2003 Legislature passed two laws (HB2197 and HB2188), resulting in two forestland property tax programs. These programs represent significant change in Oregon forestland taxation.
- Forestland Program - For all owners with at least two acres of forestland
- Small Tract Forestland (STF) Option - A special option for owners with 10 to 4,999 acres of forestland.
In 2004, the counties transferred all specially assessed forestland into the Forestland Program. Owners with fewer than 10 acres or more than 5,000 acres are required by law to remain in the Forestland Program. Owners with 10 acres to 4,999 acres may find it advantageous and may apply to enroll in the new STF Option.
Generally, the two programs reduce your tax. If you were paying a tax based on the real market value of your land, your property taxes would be higher. The main difference between the two programs is when you pay your tax.
Links:
Forestland Program
STF Option
STF vs. Forestland Decision Guide
STF Severance Tax
Last revised February 17, 2005.
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