Timberland Property definition

Timberland Property means tangible real property that has as its primary use the Bona Fide Production of Trees for commercial uses.
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Timberland Property means each parcel of realty identified as such on Schedule 4.21(c).
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Timberland Property means tangible real property that has as its primary use the bona fide production of trees for the primary purpose of producing timber for commercial uses.
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Examples of Timberland Property in a sentence

  • However, almost all property is subject to competing uses, and in time, the highest and best use of a property may change.9 In classifying property as Qualified Timberland Property for appraisal by the Department at fair market value using this manual, the subject property should have both its ‘existing use’ and reasonably determined ‘highest and best use’ as the good faith, real, actual, and genuine production of trees for commercial uses where such use is demonstrated with evidence.

  • As consideration for the Timberland Property, Southside paid an aggregate sum of $1,406,202 on closing, which occurred October 31, 2007.

  • On closing, IMRF conveyed to Southside good and marketable fee simple title to the Timberland Property by special warranty deed, free and clear of all liens, encumbrances and deeds, subject to certain permitted encumbrances.

  • Qualified Timberland Property is not subject to 10-year covenants or tax penalties and is appraised by the Department using a table of per acre fair market values based on ecoregion and soil productivity relative to properties bought and sold for use as commercial timberland.

  • Appraisal of Qualified Timberland Property In addition, county tax offices must also register with GTC in order to receive notifications and review correspondence issued by the Department.Application‌ Once registered in GTC, applicants will then be able to electronically file an application and return property requesting assessment under the QTP program.

  • The civil plans show that there are some existing railroad tracks are to be removed within the limits of our construction in the Timberland Property, but I did not see any signs of them in the field.

  • Timber Benchmark: The net return for ATRS' timber investments is expected to meet or exceed the NCREIF Timberland Property Index ("NTPI") over a five year rolling period weighted according to ATRS' regional exposure based on Net Asset Value.

  • The information contained in this manual is provided pursuant to the requirements of O.C.G.A. §§ 48-5-600 through 48-5-607, and as such contains the complete parameters for the appraisal of qualified property including a Commercial Timberland Table of Per Acre Values, projected Forest Land Conservation Use Table of Values, and a formula to ensure that the final Qualified Timberland Property Fair Market Value is no less than 175% of such property’s Forest Land Conservation Use Value.

  • SCHEDULE OF WORK THROUGH TIMBERLAND PROPERTYWork through the Timberland Property (Pro Source business; see drawings for specific location) will be restricted to limit the disruption of Pro Source’s showroom operation.

  • International Association of Assessing Officials – Property Appraisal and Assessment Administration, Chapter 4; Appraisal TheoryREGISTRATION, APPLICATION, AND RETURN‌Beginning January 1, 2020, property owners desiring the benefit of Qualified Timberland Property assessment must register online with the Department via the Georgia Tax Center (GTC).


More Definitions of Timberland Property

Timberland Property means tangible real property that has as its primary use the
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Timberland Property any real property on which Timber is located.
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Timberland Property means certain unimproved timberland listed on Exhibit A, together with timber (standing and downed), reproduction, any improvements thereon.
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Related to Timberland Property

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Timberland means land, other than land owned by the federal government and land designated by the board as experimental forest land, which is available for, and capable of, growing a crop of trees of a commercial species used to produce lumber and other forest products, including Christmas trees. Commercial species shall be determined by the board on a district basis.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Leasehold Property means any leasehold interest of any Loan Party as lessee under any lease of real property.

  • Real Property means, collectively, all right, title and interest (including any leasehold estate) in and to any and all parcels of or interests in real property owned in fee or leased by any Loan Party, whether by lease, license, or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, incidental to the ownership, lease or operation thereof.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Adjacent Property means all land adjoining and surrounding the Stadium Site on which will be located any public streets, sidewalks, plazas, or bridges and any public or private parking facilities or other accoutrements to be developed by Authority or other parties in connection with the Project.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both at such time.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Personal Property shall have the meaning set forth in the granting clause of the Mortgage.

  • Private property means any dwelling and its curtilage which is being used by a natural person or natural persons for habitation and which is not open to the public and privately owned real property which is not open to the public. "Private property" shall not include:

  • Leased Properties has the meaning set forth in Section 3.14.