Tax Type
Property Tax
Description
Standing Timber as Part of Realty
Topic
Property Subject to Tax
Date Issued
12-13-1967
Real estate, both at common law and in its generally accepted meaning, is synonymous with real property. Standing trees are part and parcel of the land in which they are rooted and, therefore, are a part of the real estate. In some instances the land may be owned by one person and the standing timber owned by another. In such event §§ 58-803 and 58-804(f) of the Code provide for the assessment of the standing timber.
Attorney General's Opinion