2017-18 Specially Assessed Forestland Values - Oregon.gov

http://www.oregon.gov/DOR/programs/property/Documents/specially-assessed-forestland-values.pdf

May 9, 2017
To Whom It May Concern:

ORS 321.216 requires that the Department of Revenue certify the specially assessed values of forestland to the counties on or before June 1 of each year. I, therefore, certify that the enclosed schedule contains the 2017-2018 per acre values of forestland in your county.

•   These certified specially assessed values constitute the department’s determination of the real market value, as of the assessment date for the tax year, of highest and best use forestland.
  
•   These certified specially assessed values constitute the specially assessed values, as of the assessment date for the tax year, of designated forestland that is assessed under either ORS 321.354 in the land class for which the certification is being made for western Oregon or ORS 321.833 (formerly 321.812) for eastern Oregon.
  
•   The 2017-2018 Maximum Specially Assessed Value (MSAV) was calculated using a three percent increase over last year’s Assessed Value (AV) and is included in the table for your benefit.
  
•   The 20% Specially Assessed Value (SAV) is for use on forestland that is assessed under 321.700 to 321.754 (Small Tract Forestland Option).
  
•   The 20% MSAV value for the tax year beginning July 1, 2017 was calculated using a three percent increase over last year’s 20% AV and is included in the table for your benefit.
  The values in this certification are calculated based on the procedures set out by ORS 321.207 to 321.213 and OAR 150-321-0200.
  Jason Brockie, Manager Special Programs Unit Property Tax Division
  Enclosure: Oregon Forestland Values for 2017 – 2018 150-800-930 (Rev. 03-15)
  

Department of Revenue Property Tax Division 955 Center St NE PO Box 14380 Salem, OR 97309-5075 www.oregon.gov/dor/timber

OREGON FORESTLAND VALUES

WESTERN OREGON

EASTERN OREGON

FOR
JULY 1, 2017 – JUNE 30, 2018

	Forestland Program		Small Tract Forestland Program
Forestland Class	MSA V	SAV	20% MSAV	20% SAV
FA	$ 680.60	$1,060.82	$ 135.02	$ 212.16
FB	$ 539.93	$ 840.07	$ 107.15	$ 168.01
FC	$ 452.19	$ 705.17	$ 89.50	$ 141.03
FD	$ 384.12	$ 600.92	$ 76.29	$ 120.18
FE	$ 255.55	$ 398.57	$ 49.87	$ 79.71
FF	$ 184.45	$ 288.19	$ 36.63	$ 57.63
FG	$ 77.07	$ 122.63	$ 14.59	$ 24.52
FX	$ 9.01	$ 12.26	$ 1.40	$ 2.45

	Forestland Program		Small Tract Forestland Program
Forestland Class	MSA V	SAV	20% MSAV	20% SAV
Eastern Oregon	$ 77.07	$ 140.00	$ 14.59	$ 28.00

MSAV SAV
20% MSAV
20% SAV

– Maximum Specially Assessed Value (Measure 50)
– Specially Assessed Value (ORS 321.207)
– 20% Maximum Specially Assessed Value for qualified Small Tract Forestland Program properties (Measure 50)
– 20% Specially Assessed Value for qualified Small Tract Forestland Program properties (ORS 321.722)

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