Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2013
 

Property Tax Annotations


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T

830.0000 TIMBERLAND

Annotation 830.0102

830.0102 Tax Recoupment Fee. If a landowner requests immediate rezoning of property classified as Timberland Production Zone (TPZ), the law imposes a tax recoupment fee. The fact that a purchaser of timberland is unaware that a request for immediate rezoning will result in a tax recoupment fee is not a basis for the Board's waiving that fee upon rezoning. While the seller, not the buyer, may have received the benefit of the reduced taxes, it is up to the parties to the sale to consider payment of the fee during the negotiation of the sales price. C 2/17/1994.