FOREST TAXATION IN THE UNITED STATES 595 
in the following elaboration of the plan that this rate will be 30 percent. 
The essentials of this plan may be made clear by the following 
detailed account, in which is included a description of the official book- 
keeping procedure involved. All forest properties would be assessed 
annually at their market value, the same as other properties, and 
would be subject to the same State and local tax rates as other prop- 
erties. Six additional columns would be added to that part of the 
tax roll where forest properties are listed. These are indicated in 
table 156 by columns 4, 5, and 7 to 10, columns 1 to 3 and 6 corre- 
sponding to those of an ordinary property-tax roll. The first addi- 
tional column (column 4) would contain the timber value, and the 
second additional column (column 5) the land value of each parcel. 
The land tax would be computed by multiplying the land value (as 
defined in this part, p. 558 by the total local property tax rate. 
This amount would appear in column 6, taking the place of 
the total tax in the present roll. This tax would be due and pay- 
able annually by the owner to the local tax collector, in the same 
manner as any other property tax. 
TasBLE 156.—Portton of sample tax roll, 1936 
(Deferred timber tax) 
Extra columns Extra columns 
Deferred Deferred 
timber | Timber- | timber 
Land tax (net tax tax (net 
ane ae aa po vuen payin pay- 
bo ha ota an er rom ue from] ment 
Owner Description value aMaael Ibevacl value tax: timber owner: from 
sale | walk Xtax |Timber tax (7) +(8) | timber- 
rate value fund) but not tax 
tax | through more fund) 
rate 1935: than 30 | through 
From percen 
1935 tax | of yield | (7)+(8) 
roll 
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) 
John Jones_} See. 1, SE of SE__-_| $840 $720 $120 $3 $18 $72 $20 $70 
The timber tax would be computed by multiplying the timber 
value by the total local property tax rate. This would be entered 
in column 7. The tax collector would total the timber tax of parcels 
and properties in his jurisdiction annually and bill the State treasurer 
for the same. The State treasurer would pay the amount of these 
timber taxes to the local tax collector on or before the usual tax due 
date. Payment would be made from a State timber-tax fund set 
up for that purpose. This fund would receive all taxes paid on 
timber and would be further supplemented to the extent necessary 
by State-wide taxation. 
Column 8 on the tax roll (table 156) would contain the net total 
of all payments from the State timber-tax fund toward the taxes 
on the property through the preceding tax year, with a possible 
exception in the year following a severe loss. The amount in this 
column would be obtained from the tax roll of the preceding year 
and entered on the current tax roll at the same time as the amounts 
in the preceding columns were entered. 
