Forest Incentive Programs - Property Taxes for Oregon

Type of Tax

Eastern Oregon Forest land tax (EOFLT) - a productivity and yield tax. Land is assessed at 20% of its forestland value and there is a 1.8% yield tax.

Western Oregon forest land tax (WOFLT) - a productivity and yield tax. Land is assessed at 20% of its forest land value and there is a 3.2% yield tax.

Western Oregon small tract optional tax (WOSTOT) - a productivity tax based on 100% of the assessed value.

Oregon forestland assessment (OFLA) – a productivity tax for large landowners based on 75% of the assessed value. After 7/1/03 tax will be based on 100% of the forestland assessed value.

Law

EOFLT is covered under ORS 321.805-321.825, WOFLT is covered under ORS 321.352-321.375, WOSTOT is covered under ORS 321.705-321.765, and OFLA is covered under ORS 321.354 and ORS 321.812

Objective

Promote production and harvest of timber volume through preferential taxation

Requirements

2-5000 acres under EOFLT, WOFLT, and WOSTOT.

Rollback taxes apply for early withdrawal from EOFLT and WOFLT. Landowners must switch to WOSTOT or other applicable programs by 7/1/2003

WOSTOT must file an application with Department of Forestry

WOFLT and EOFLT may need to a file an application with the county

Qualifications:

WOSTOT- change of acreage requirement to: 10-5,000 acres

trees less than 8 in diameter or less than 40 yrs old; minimum stocking requirement; management plan;must apply directly to OR Dept. of Forestry; no withdrawal penalties

WOSAFL- greater than 2 acres

contains marketable species at approved stocking level; pplication or designation by assessor; no withdrawal penalties

EOSAFL- greater than 2 acres

contains marketable species at an approved stocking level; requires application or designation by assessor; no withdrawal penalties

Program Administration

Department of Revenue administers the privilege tax and harvest severance tax. The Department of Forestry determines forestland values. The County tax assessor administers the land tax for WOFLT, EOFLT, and OFLA