Ga. Comp. R. & Regs. r. 560-11-5-.06 — County Digest Timber Supplement

Where the total property tax digest for any county for tax years 1992 through 1995 is so affected by the new method of ad valorem taxation of standing timber that a supplement to the digest is authorized by O.C.G.A. Section 48-5-7.5 , the supplemental assessment shall be assessed and taxes shall be levied against the land underlying the standing timber so removed from the digest. The supplemental assessment shall be assessed against each such property in a pro rata manner based upon the value of standing timber on each such property that was removed from the digest. Cite as Ga. Comp. R. & Regs. R. 560-11-5-.06 Authority: Ga. L. 1937-38, Ex. Sess. p. 77 (Ga. Code Sec. 48-2-12 ); Ga. L. 1991, p. 1903 (Ga. Code Sec. 48-5-7.4 ). History. Original Rule entitled "County Digest Timber Supplement" adopted. F. Jan. 21, 1992; eff. Feb. 10, 1992.