Free: Contests & Raffles.
You don't understand the excise tax on timber. It applies to all timber sold regardless of if it comes off a tree farm or not. We sold timber off our land, 7 acres, not tree farm status, no tax break. The land has a tax valuation of $4500/acre. The adjoining property is timberland but the same type land. It has a tax valuation of $150/acre. We pay the same exact percentage tax when timber is sold. To say the timber excise tax makes up for the timberland tax break is not true. It works out to be a seperate tax that applies to all who sell timber.
Quote from: Humptulips on May 01, 2013, 10:33:47 AMQuote from: grundy53 on May 01, 2013, 10:20:48 AMQuote from: bobcat on May 01, 2013, 10:14:23 AMGrundy, so do you not agree with the below quote?Quote If they buy land for $3000/acre how can anyone think it is OK to value that land for tax puposes at $150/acre unless the public is shown some benefit. If they want it to be just dollars and cents so be it, their choice.It isn't for public access. It is because the land becomes basically useless for the next 40 years ( while the trees grow). The state makes the difference up when Weyerhaeuser PAYS THE EXCISE TAX on the harvested timber. So they end up pay more taxes. Same as a wheat farmer in eastern Washington (who isn't forced to allow public access).sent from my typewriterYou don't understand the excise tax on timber. It applies to all timber sold regardless of if it comes off a tree farm or not. We sold timber off our land, 7 acres, not tree farm status, no tax break. The land has a tax valuation of $4500/acre. The adjoining property is timberland but the same type land. It has a tax valuation of $150/acre. We pay the same exact percentage tax when timber is sold. To say the timber excise tax makes up for the timberland tax break is not true. It works out to be a seperate tax that applies to all who sell timber. I bet 90 percent of timber comes off of timber lands. Your example is the exception not the rule. You aren't tying up thousands of acres making them basically worthless for 40 years at a time. 7 acres is not even a drop in the hat....sent from my typewriter
Quote from: grundy53 on May 01, 2013, 10:20:48 AMQuote from: bobcat on May 01, 2013, 10:14:23 AMGrundy, so do you not agree with the below quote?Quote If they buy land for $3000/acre how can anyone think it is OK to value that land for tax puposes at $150/acre unless the public is shown some benefit. If they want it to be just dollars and cents so be it, their choice.It isn't for public access. It is because the land becomes basically useless for the next 40 years ( while the trees grow). The state makes the difference up when Weyerhaeuser PAYS THE EXCISE TAX on the harvested timber. So they end up pay more taxes. Same as a wheat farmer in eastern Washington (who isn't forced to allow public access).sent from my typewriterYou don't understand the excise tax on timber. It applies to all timber sold regardless of if it comes off a tree farm or not. We sold timber off our land, 7 acres, not tree farm status, no tax break. The land has a tax valuation of $4500/acre. The adjoining property is timberland but the same type land. It has a tax valuation of $150/acre. We pay the same exact percentage tax when timber is sold. To say the timber excise tax makes up for the timberland tax break is not true. It works out to be a seperate tax that applies to all who sell timber.
Quote from: bobcat on May 01, 2013, 10:14:23 AMGrundy, so do you not agree with the below quote?Quote If they buy land for $3000/acre how can anyone think it is OK to value that land for tax puposes at $150/acre unless the public is shown some benefit. If they want it to be just dollars and cents so be it, their choice.It isn't for public access. It is because the land becomes basically useless for the next 40 years ( while the trees grow). The state makes the difference up when Weyerhaeuser PAYS THE EXCISE TAX on the harvested timber. So they end up pay more taxes. Same as a wheat farmer in eastern Washington (who isn't forced to allow public access).sent from my typewriter
Grundy, so do you not agree with the below quote?Quote If they buy land for $3000/acre how can anyone think it is OK to value that land for tax puposes at $150/acre unless the public is shown some benefit. If they want it to be just dollars and cents so be it, their choice.
If they buy land for $3000/acre how can anyone think it is OK to value that land for tax puposes at $150/acre unless the public is shown some benefit. If they want it to be just dollars and cents so be it, their choice.
So basically you're saying it's Ok to tax me more because I am the little guy? My land is growing trees. How is it any more usable then WEYCOs growing trees?OK, you're right. I can walk out, hunt, pick mushrooms and smell fir trees on it. IF WEYCO, Hancock, etc let me do the same I say give them their tax break.
Yep updated my above post with links to tax information, and open space tax breaks. Please read them and notice that public access is not required for tax breaks although it helps to qualify. Other things like scenery, protecting a watershed etc, providing wildlife habitat etc are all things that fit in.
QuoteSo basically you're saying it's Ok to tax me more because I am the little guy? My land is growing trees. How is it any more usable then WEYCOs growing trees?OK, you're right. I can walk out, hunt, pick mushrooms and smell fir trees on it. IF WEYCO, Hancock, etc let me do the same I say give them their tax break.http://dor.wa.gov/docs/pubs/prop_tax/openspace.pdfRead through this and settle down. If your property meets the requirements for open space designation, then apply if not then realize that the private timber lands get their tax breaks by following the rules.
Usually in our society when you give someone something it is because you expect something in return. I see nothing wrong in asking for something in return for this tax break.
e. Enhance recreation opportunities.
Quote from: grundy53 on May 01, 2013, 10:38:35 AMQuote from: Humptulips on May 01, 2013, 10:33:47 AMQuote from: grundy53 on May 01, 2013, 10:20:48 AMQuote from: bobcat on May 01, 2013, 10:14:23 AMGrundy, so do you not agree with the below quote?Quote If they buy land for $3000/acre how can anyone think it is OK to value that land for tax puposes at $150/acre unless the public is shown some benefit. If they want it to be just dollars and cents so be it, their choice.It isn't for public access. It is because the land becomes basically useless for the next 40 years ( while the trees grow). The state makes the difference up when Weyerhaeuser PAYS THE EXCISE TAX on the harvested timber. So they end up pay more taxes. Same as a wheat farmer in eastern Washington (who isn't forced to allow public access).sent from my typewriterYou don't understand the excise tax on timber. It applies to all timber sold regardless of if it comes off a tree farm or not. We sold timber off our land, 7 acres, not tree farm status, no tax break. The land has a tax valuation of $4500/acre. The adjoining property is timberland but the same type land. It has a tax valuation of $150/acre. We pay the same exact percentage tax when timber is sold. To say the timber excise tax makes up for the timberland tax break is not true. It works out to be a seperate tax that applies to all who sell timber. I bet 90 percent of timber comes off of timber lands. Your example is the exception not the rule. You aren't tying up thousands of acres making them basically worthless for 40 years at a time. 7 acres is not even a drop in the hat....sent from my typewriterSo basically you're saying it's Ok to tax me more because I am the little guy? My land is growing trees. How is it any more usable then WEYCOs growing trees?OK, you're right. I can walk out, hunt, pick mushrooms and smell fir trees on it. IF WEYCO, Hancock, etc let me do the same I say give them their tax break.
You are arguing over the wrong tax law. Open space taxation (Open space farm/ag, open space timber, and open space/open space) are for small parcels. Weyco land is "designated timberland" ie. parcels over 20 acres. I own both--open space timber that requires a timber plan and is approved by the county, and designated timber over 20 acres. BOTH get tax breaks due to the public benefits forests provide. These are the items the public gets in return for low property taxes--no they just want to take the full tax break AND charge too: It's double dipping. They either charge OR get a tax break--not both. RCW 84.33.010Legislative findings. As a result of the study and analysis of systems of taxation of standing timber and forest lands by the forest tax committee pursuant to Senate Concurrent Resolution No. 30 of the 41st session of the legislature, and the recommendations of the committee based thereon, the legislature hereby finds that: (1) The public welfare requires that this state's system for taxation of timber and forest lands be modernized to assure the citizens of this state and its future generations the advantages to be derived from the continuous production of timber and forest products from the significant area of privately owned forests in this state. It is this state's policy to encourage forestry and restocking and reforesting of such forests so that present and future generations will enjoy the benefits which forest areas provide in enhancing water supply, in minimizing soil erosion, storm and flood damage to persons or property, in providing a habitat for wild game, in providing scenic and recreational spaces, in maintaining land areas whose forests contribute to the natural ecological equilibrium, and in providing employment and profits to its citizens and raw materials for products needed by everyone.
Quote from: Humptulips on May 01, 2013, 10:52:39 AMQuote from: grundy53 on May 01, 2013, 10:38:35 AMQuote from: Humptulips on May 01, 2013, 10:33:47 AMQuote from: grundy53 on May 01, 2013, 10:20:48 AMQuote from: bobcat on May 01, 2013, 10:14:23 AMGrundy, so do you not agree with the below quote?Quote If they buy land for $3000/acre how can anyone think it is OK to value that land for tax puposes at $150/acre unless the public is shown some benefit. If they want it to be just dollars and cents so be it, their choice.It isn't for public access. It is because the land becomes basically useless for the next 40 years ( while the trees grow). The state makes the difference up when Weyerhaeuser PAYS THE EXCISE TAX on the harvested timber. So they end up pay more taxes. Same as a wheat farmer in eastern Washington (who isn't forced to allow public access).sent from my typewriterYou don't understand the excise tax on timber. It applies to all timber sold regardless of if it comes off a tree farm or not. We sold timber off our land, 7 acres, not tree farm status, no tax break. The land has a tax valuation of $4500/acre. The adjoining property is timberland but the same type land. It has a tax valuation of $150/acre. We pay the same exact percentage tax when timber is sold. To say the timber excise tax makes up for the timberland tax break is not true. It works out to be a seperate tax that applies to all who sell timber. I bet 90 percent of timber comes off of timber lands. Your example is the exception not the rule. You aren't tying up thousands of acres making them basically worthless for 40 years at a time. 7 acres is not even a drop in the hat....sent from my typewriterSo basically you're saying it's Ok to tax me more because I am the little guy? My land is growing trees. How is it any more usable then WEYCOs growing trees?OK, you're right. I can walk out, hunt, pick mushrooms and smell fir trees on it. IF WEYCO, Hancock, etc let me do the same I say give them their tax break.That's not what I'm saying at all. My point is FEASIBILITY. If you have 1000 acres of land and you are going to pay taxes based on a $4500/acre assessment. Are you A) going to choose to grow timber, which will tie that land up for 40 years while you are paying thousands a year per acre while it sits idle. Only to also pay an excise tax on the timber when you log it? Which means you probably will lose money in the invesment. Or B) sell it to a developer/ sell parcels, in which case you could probably turn a profit? That's my point. It would not be feasible to run a timber operation. Also, I'm not just talking about the big guys. By the way, of your 7 acres were for timber only the land would qualify as "timberland" and be eligible for the tax break...sent from my typewriter
It will be a sad day when it gets to the point where it takes millions of dollars just to have a place to hunt.
Quote from: bobcat on May 01, 2013, 06:28:36 PMIt will be a sad day when it gets to the point where it takes millions of dollars just to have a place to hunt.not millions but look at the road this state/country is going down.. access will be a supply in demand game (look how much people will pay to hunt) which is not good news for the lower class folks