Description: Principal Forest Property Tax Incentive Programs: 1. Private industry, overcutting their forests at three times the sustainable rate, constitutes two thirds of Oregon’s annual timber harvest. Tax Responsibility: Specify in the contract who is responsible to pay required timber harvest tax, based on the harvest volume. of the timber tax forms. WO partial property tax exemption & small tract option. Program legal-common name: Forestland program Tax Type: Current Use Law: ORS 321.201 to 321.686 Objective: This reduced tax assessment was intended to recognize the importance of forestland to Oregon's economy and respond to the growing pressures that urban growth was putting … Property in Oregon is valued and taxed based upon the real market value (RMV)— the price for which land would sell on the open market. The Forest Products Harvest Tax (FPHT) applies to timber harvested from any land in Oregon. The Oregon State Forester appoints 11 members. Optional Forest Fee and Yield Tax (FFYT): 5¢ / 10¢ an acre + 12.5% tax at harvest. Today, the primary tax paid by large industrial forest owners is the Forest Harvest Tax. Western Oregon Severance Tax. FFYT is repealed Examples: Net weight converted to ton = 554,200 pounds ÷ 2000 = 277 ton Tons converted to MBF = 277 ton ÷ 7.5 = 36.9 rounds to 37MBF Forest products harvest tax (ORS 321.005 to 321.185) Harvesting Timber and Timber Taxes All timber harvested in Oregon is subject to the Forest Products Harvest Tax. Stating this in the contract removes any doubt about expectations. Tax applies to all timber cut in the state, including harvests from federal, state, local and all private forestland, except some tribal land. Washington State tax rate is 5%.) Cruising all of Oregon’s timber land was a long and arduous task. Although a commonly abused myth is that Oregon timber harvest peaked during the 1980s, the data shows clearly that statewide harvest actually crested during the decades of the 1950s and 1960s. By 1961, the reappraisal plus rising timber prices drastically increased the value of timber on Oregon’s tax rolls. In addition, harvests may be subject to the Small Tract Forestland (STF) severance tax. In Oregon, it is the landowner’s legal responsibility to pay the required harvest tax. Big Money Bought the Forests. All harvesters of Oregon timber pay a Forest Products Harvest Tax (FPHT) on harvested timber. Pre-1929. In 1999, the Oregon Legislature eliminated this tax on private timber owners with more than 5,000 acres of land, resulting in a drop in state revenue of $70 million a year. OFRI was created by the Oregon Legislative Assembly in 1991 and is funded by a dedicated forest-products harvest tax. EO standing timber exempt from property tax but 5% harvest tax. HB 4101: Oregon’s Timber tax By Oregon Tax News. 2019 Oregon Revised Statutes Volume : 08 - Revenue and Taxation Chapter 321 - Timber and Forestland Taxation FOREST PRODUCTS HARVEST TAX Section 321.005 - Definitions for ORS 321.005 to 321.185, 321.560 to 321.600 and 477.440 to 477.460. Timber harvest records required to be retained include: Reference … Contractors performing labor and services for the timber owner are not responsible for the forest tax. Land carried only nominal values. 1929–1960. Oregon’s archaic Forest Practice Act doesn’t protect forests from liquidation, but it does protect industry from lawsuits over issues like poisoning and water pollution. (2) The tax is imposed on the owner of timber at the time of harvest, and remains a liability of the owner of timber until paid. Timber from private land: The person who owns the timber at the time of harvest is responsible for paying forest tax. harvest tax are levied on the volume of harvested timber from both private (and public) land. Dataset. 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 It is governed by a 13-member board of directors who represent small, medium and large forest producers, small woodland owners, forest sector employees, academia and the general public. (3) The tax is imposed at the rate of: (a) $3.89 per thousand feet, board measure, of timber harvested in western Oregon; or oregon new market tax credit oregon new market tax credit ... timber harvest timber harvest Show All... Filter 2 Results filtered by . Tax Treatment of Timber. Examples: Net weight converted to ton = 554,200 pounds ÷ 2000 = 277 ton Tons converted to MBF = 277 ton ÷ 7.5 = 36.9 rounds to 37MBF Forest products harvest tax (ORS 321.005 to 321.185) The forest products harvest tax (FPHT) is computed by applying the tax rate to the “taxable volume.” The (Same as current Oregon Harvest Tax and Washington State severance tax). Small Logging Communities Are Paying the Price. The Oregon Forest Facts 2019-20 Edition is now available for digital download and to order online. When the owner of the timber cannot be determined, the landowner at the time of harvest will be responsible for the tax. Historically, Oregon timber taxes have also included property tax on the value of standing timber and special programs for reforesting cutover lands. The current Legislative Session features a bill (Hb 4101) that seeks to punish victims of previous environmental policies problems with additional taxes. 2015 Understanding Oregon’s Timber Tax Programs and How to Complete Forms Forests contain one of Oregon’s most valuable natural resources—trees. (Previous rates were 12.5% and 6.5% in Western Oregon and 5% for Eastern Oregon. Oregon Law Local Revenue . The state would have received an estimated $59 million under California’s tax system and $91 million under Washington’s system, the investigation by OPB, The Oregonian/OregonLive and ProPublica found. These records must be retained as described in OAR 150-321-0590. 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. of the timber tax forms. Timber Harvest Records Every owner must keep records of harvested timber that is subject to the Small Tract Forestland Severance Tax and the Forest Products Harvest Tax. The data have been gathered from multiple agencies which use different data collection methods and time periods. - Most of the work went into valuing the standing timber. Oregon (Summary) Last Updated: March 2020. The table above indicates the average annual timber harvest volume during each decade indicated (measured in billion board feet / year). The pocket-size booklet offers a detailed reference guide to Oregon’s forest sector, including information, maps, graphs and statistics about forestland ownership, timber harvest, forest-based employment and wood products production. It was established to recover portions of the state's costs related to forest protection and forest research or to provide funding to improve public understanding of the state's forest resources. Land and timber collectively taxed as real property. Timber that is sold by weight must be converted from tons to MBF using the conversion factors on the back of the timber tax forms. Private Reasons Oregon’s Public Forests Are At Risk. Click on a county to view Timber Harvest data by ownership for calendar years 2002 to most recent year available. However, state legisla- No distinction is made between timber harvested from private lands or government-owned lands. 1. Examples: Net weight converted to ton=554,200 pounds/2000=277 ton Tons converted to MBF=277 ton/7.5=36.9 rounds to 37MBF Forest products harvest tax (ORS 321.005 to 321.185) The forest products harvest tax (FPHT) is computed by applying the tax rate to the “taxable volume.” The Tags > timber harvest Clear All Sort by Oregon Forest Revenues to State and Local Governments Revenue & Expense. History. Local governments receive timber revenue from tax on cut timber, depending on how their forestland is classified for tax purposes. If Oregon hadn’t phased out its severance tax, timber production in 2018 would have generated an estimated $130 million. Oregon Timber Harvest. HB 4101 creates a severance tax on timber production that would go to fund county government as well as distribute back to timber mills who paid the tax through a tax credit for milling logs. (2) Moneys are continuously appropriated from the Western Oregon Timber Severance Tax Fund for use in reimbursing the General Fund for expenses incurred in the collection of taxes imposed under ORS 321.700 (Definitions for ORS 321.700 to 321.754) to 321.754 (Eastern Oregon Timber Severance Tax Fund). Timber Harvest History in Oregon. 1961–1976. (1) A severance tax is imposed at the time of the harvest of timber from small tract forestland. From small tract forestland ( STF ) severance tax ) exempt from property exemption... 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