Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2017
Property Tax Annotations
840.0000 TIMBER YIELD TAX
840.0150 Timber Owner. While governmental agencies are normally exempt from property taxes and, therefore, excluded from the definition of "timber owner" contained in Revenue and Taxation Code section 38104, an exception exists when the timber is located on land that is subject to property tax because it is located outside the owning agency's boundaries and was taxable when acquired. C 5/27/1977.