Rule 560-11-5-.02 - Definitions(1) For the purpose of implementing O.C.G.A. Section 48-5-7.5 and these regulations, the following terms are defined to mean: (a) "Applicable millage rates" shall mean the millage levied by the taxing authority on tangible property for the preceding calendar year.(b) "Sale" of standing timber shall mean the arm's length, bona fide sale of standing timber for harvest separate and apart from the underlying land and shall not include the simultaneous sale of a tract of land and the standing timber thereon.(c) "Standing timber" shall be defined to include softwood and hardwood pulpwood, chip and saw logs, saw timber, poles, posts, and fuel wood. Such term shall not include any of the following: 1. Orchard trees, ornamental or Christmas trees;2. By-products of standing timber such as straw, cones, leaves or turpentine;3. By-products of harvesting such as bark or stumps that are not included in the consideration between buyer and seller in lump sum or unit price sales; or4. Fuel wood harvested by the owner from his own property which is used exclusively for heating purposes within the premises occupied by said owner.(d) "Timber product classes" shall be defined as follows: 9) softwood fuel wood chips, 10) hardwood fuel wood chips, 11) softwood fuel wood firewoodand 12) hardwood fuel wood firewood.(e) "Total property tax digest" means the total net assessed value to which the levy for maintenance and operations purposes shall be applied, and consists of all taxable tangible real and personal property appearing on the county tax digest for the applicable tax year including motor vehicle property, mobile home property and property of railroad and public utility companies.Ga. Comp. R. & Regs. R. 560-11-5-.02
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).
Original Rule entitled "Definitions" adopted. F. Jan. 21, 1992; eff. Feb. 10, 1992.Repealed: New Rule, same title, adopted. F. Jan. 29, 1996; eff. Feb. 18, 1996.