Idaho (Summary)
NOTE: This section is currently being updated, the information presented here may be different than the current laws.
Bare Land and Yield
Tax Type: Current use and yield tax
Description: Approximately 1% of the bare land value of the property. State is divided into 4 districts and each district is rated good, fair or poor for growing trees. Yield tax is 3% of stumpage value determined by the State Tax Commission.
Law: Forest Lands Tax IC Sec. 63-1705
Objective: Encourage private forest landowners to retain and improve their holdings of forest lands and to promote better forest management.
Forest Tax Program Requirements
Min/Max Acreage: 5 - 5,000 acres (choice between Bare Land and Yield Tax or Productivity Tax)
Min. Stocking Growth: N/A
Forest Management Plan: Proof of active management to enhance growth of timber for future harvest is required.
Duration of Enrollment: 10 years
Penalties for Use Change: Payment of deferred taxes up to 10 years.
Program Administration
State: N/A
County Tax Assessor and Commissioner: Determines the market value and stumpage value for assessment purposes.
University: N/A
Landowner: N/A
Productivity
Tax Type: Current Use
Description: State is divided into 4 districts and each district is rated good, fair or poor for growing trees.
Law: Forest Products Yield Tax IC Sec. 63-1706
Objective: Encourage private forest landowners to retain and improve their holdings of forest lands and to promote better forest management.
Forest Tax Program Requirements
Min/Max Acreage: 5 - 5,000 acres (choice between Bare Land and Yield Tax or Productivity Tax); over 5,000 acres (subject to Productivity Tax)
Min. Stocking Growth: N/A
Forest Management Plan: Proof of active management to enhance growth of timber for future harvest is required.
Duration of Enrollment: 10 years
Penalties for Use Change: Payment of deferred taxes up to 10 years.
Program Administration
State: N/A
County Tax Assessor and Commissioner: Determines the market value and stumpage value for assessment purposes.
University: N/A
Landowner: N/A
For a more in depth discussion of Idaho property taxes click here!