Get the free Oregon Forestland Taxation Program Information - oregon

This document outlines the changes to Oregon's forestland taxation programs due to new legislation, detailing the transition from previous tax programs to the FORESTLAND Program and SMALL TRACT FORESTLAND

How to fill out oregon forestland taxation program

How to fill out Oregon Forestland Taxation Program Information

1. Obtain the Oregon Forestland Taxation Program application form from the Oregon Department of Revenue website or local tax assessor's office.
2. Fill in your personal information, including your name, address, and contact details.
3. Provide information about your property, including the tax lot number, size of the forestland, and location.
4. Indicate how the land is being used or managed, such as timber production or conservation.
5. Attach any necessary documentation that verifies the forestland usage, like management plans or timber harvest records.
6. Review the completed application for accuracy and completeness.
7. Submit the application to your local tax assessor's office by the specified deadline.

Who needs Oregon Forestland Taxation Program Information?

1. Landowners in Oregon who own forestland and wish to qualify for tax benefits under the Oregon Forestland Taxation Program.
2. Individuals or organizations engaged in forestry or timber production on their property.

People Also Ask about

What city in Oregon has the highest property taxes?

Clackamas County Hood and the Cascade Mountains. It is a largely suburban and rural county. The largest city here is Lake Oswego, which has a population of about 40,000. The median annual property tax homeowners in Clackamas County pay is $4,866, the highest in the state.

What is Oregon small tract forestland severance tax?

A landowner pays an annual property tax on 20 percent of the forestland special assessment value. The STF Severance Tax is paid when the landowner harvests the timber from this property. How to get into the STF Option tax program: Apply to the assessor in the county in which the land is located.

What is the Forest Conservation Tax Credit Oregon?

The Forest Conservation Tax Credit (FCTC) was created by the legislature in 2022 to provide a financial benefit to small forestland owners (SFOs) who support conservation and habitat protection by retaining a larger unharvested area next to streams for protection of wildlife habitat and aquatic species.

Can I defer my property taxes in Oregon?

About property tax deferral If you qualify for the program, Oregon Department of Revenue will pay your county property taxes on November 15 of each year. To participate, you must file an application with the county assessor either by April 15, or file late from April 16 to December 1 and pay a fee.

At what age do you stop paying property tax in Oregon?

A property is eligible for the property tax freeze “when at least one person is 65 years of age or older on or before April 15 immediately preceding the beginning of the property tax year and, either individually or jointly, owns and occupies the home as their primary residence.”

What is the forest tax in Oregon?

The Forest Products Harvest Tax (FPHT) is imposed on the volume of timber harvested from private and public land in Oregon, with the exception of most tribal lands. The tax was created in 1947 and imposed at a rate of 5¢ per 1,000 board feet (MBF).

What is the recreational tax in Oregon?

Local Taxation and Distribution Local taxation and distribution of recreational marijuana sales revenue also differ from state to state. In Oregon, local governments can enact a local tax of up to 3% on recreational marijuana sales, in addition to the 17% state tax.

At what age do you stop paying property tax in Oregon?

A property is eligible for the property tax freeze “when at least one person is 65 years of age or older on or before April 15 immediately preceding the beginning of the property tax year and, either individually or jointly, owns and occupies the home as their primary residence.”

For pdfFiller’s FAQs

What is Oregon Forestland Taxation Program Information?

The Oregon Forestland Taxation Program is a program that allows forestland owners to receive preferential tax treatment on their forested properties under certain conditions. It is designed to promote sustainable forestry practices and the conservation of forest resources.

Who is required to file Oregon Forestland Taxation Program Information?

Property owners who have land classified as forestland and wish to participate in the Oregon Forestland Taxation Program must file the necessary information to qualify for tax benefits.

How to fill out Oregon Forestland Taxation Program Information?

To fill out the Oregon Forestland Taxation Program Information, property owners must complete the required application forms, providing pertinent details about their forestland, such as acreage, type of trees, management practices, and any conservation efforts being undertaken.

What is the purpose of Oregon Forestland Taxation Program Information?

The purpose of the Oregon Forestland Taxation Program Information is to ensure that forestland owners can take advantage of lower tax rates based on their commitment to sustainable forestry and habitat conservation while maintaining accurate records for tax administration.

What information must be reported on Oregon Forestland Taxation Program Information?

The information that must be reported includes the total area of forestland, types of trees present, management and harvesting practices planned, and any relevant conservation or preservation activities undertaken by the property owner.