Timber Sales Reporting
In Georgia, timber sales or harvest are subject to ad valorem taxation at the time of sale or quarterly. The instructions are reproduced here from GA PT-283T, describing the three types of filing:
Lump Sum Sales
This report must be completed by the purchaser. The seller must remit to the purchaser, at the time of sale, a negotiable instrument for the taxes due. The purchasers must remit the taxes and this form to the Tax Commissioner with 5 business days of purchase. The purchaser must also give a copy of this form to the Board of Tax Assessors at the time of remittance. The purchaser is personally liable for the tax if it is not paid by the seller. Seller and Purchaser must sign form PT-283T.
Unit Price Quarterly Report
Purchaser must complete, sign and submit two copies to seller and one copy to the Board of Tax Assessors within 45 days after end of quarter. Seller must sign and submit one of the copies to the Board of Tax Assessors within 60 days after the end of quarter. Seller will be build by the Tax Commissioners for taxes due.
Owner must complete and submit one copy to Board of Tax Assessors within 45 days after end of quarter. Ad Valorem taxes shall be paid by the landowner as provided in Subsection H of the O.C.G.A. 48-5-7.5 (h) and shall be calculated by multiplying 100 percent fair market value of timber times the millage rate applicable for the previous calendar year.
This form for reporting timber transactions, GA PT-283T, is available at the Tax Commissioner’s Office or below as an Adobe® PDF file. You can fill out the form online here and print it on your computer – please note where copies must be filed.