. This is an extraordinary story about the manipulation of the legislature to give timber owners a free ride in Oregon . 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, from taxes and from regulations. In 1977, new laws replaced the Western Oregon Ad Valorem Tax. . Property taxes under this program vary, depending on location of the property and the ability to grow timber. 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 Skip to the main content of the page; Property Tax. Min. Continuously updating western Oregon timber inventories was expensive. (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 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. Stating this in the contract removes any doubt about expectations. taxes; instead, a severance tax was due when timber was cut. No distinction is made between timber harvested from private lands or government-owned lands. A distribution made under this paragraph shall be made on or before May 15 of the year. Program Requirements . 2015 Understanding Oregon’s Timber Tax Programs and How to Complete Forms Forests contain one of Oregon’s most valuable natural resources—trees. The biggest tax break, the elimination of the Oregon severance tax on private timber holdings, happened in the 1990’s, when few currently in … The Forest Products Harvest Tax (FPHT) applies to timber harvested from any land in Oregon. Min/Max Acreage: minimum 2 acres. Oregon Department of Revenue / Programs / Property Tax / Timber taxes Currently, timber is not taxed through the property tax system. 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 Harvesting Timber and Timber Taxes All timber harvested in Oregon is subject to the Forest Products Harvest Tax. (a) Which taxpayers were sent timber tax returns; and (b) Receipt of tax returns filed. 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