Timber Tax

The Official Code of Georgia, Section 48-5-7.5, now provides that standing timber be assessed for taxation at 100% of its fair market value at the time of harvest or sale. The legislation identifies three different types of timber sales or harvest as listed below:

1. Lump Sum Sales: Where the Timber is sold at a specific price regardless of volume,
2. Unit Price Sales: Where the Timber is sold or harvested based on a specific price per volume,
3. Owner Harvests: Where a land-owner harvests his own timber and sells it by volume.

The law established substantial penalties for failure to report such sales/harvests.

A Form 283T (https://dor.georgia.gov/document/form/pt-283ttimbersaleorharvestreportpdf/download) must be completed and submitted to the Tax Commissioner’s office for payment.

For questions, please contact the Habersham County Tax Commissioner at 706-839-0120.