State Tax Laws > Property Taxes > California (Summary)

Tax Type: Current Use Value and Severance Tax

Description: Valued at the present worth of the income and no less than two ($2.00) dollars and a 2.9% yield tax

Law: CA Rev. & Tax Code 423.5-437 and Rev. Tax Code part 18.5 of Div. 2; Pamphlet No. 43 LDA

Objective: The California Constitution authorizes the legislature to tax enforceably restricted open-space land on a basis consistent with its restrictions and uses in order to preserve, conserve, and continue the existence of such land. The tax is paid on a quarterly basis to the Board of Equalization, which returns it to the counties where the timber was harvested.

Forest Tax Program Requirements

Min/Max Acreage: N/A

Min. Stocking Growth: N/A

Forest Management Plan: N/A

Duration of Enrollment: 10 years, enforceably restricted land

Penalties for Use Change: Fee

Program Administration

State: Department of Forestry developed five site quality classes

County Tax Assessor and Commissioner: N/A

University: N/A

Landowner: N/A

For a more in depth discussion of California property taxes click here!