Qualified Timberland Property
June 25, 2020
The Department of Revenue is providing the following update regarding the 2020 Table of Values for Qualified Timberland Properties.
The Qualified Timberland Properties regulation comment hearing (Regulation Notice LGS 2020-002), which was scheduled to take place on April 6, 2020 was postponed until further notice due to the novel coronavirus disease (COVID-19). Thus, this regulation has not yet been finalized.
However, so that the Department and the counties may administer this tax, the Department will use the Table of Values found on page 20 of the most recent version of the proposed regulations, available on the Department's website at Qualified Timberland Property Appraisal Manual (proposed).
FOR MORE INFORMATION
For more information on this subject, contact the Georgia Local Government Services Division at 404-724-7000 from 8:00am to 4:30pm, Monday through Friday, excluding holidays. For forms and other information, please visit our website at www.dor.georgia.gov