The timber preserve zone, or TPZ, is intended to provide for timberland zoning and restrictions for a minimum ten-year period as a "timberland preserve." Such zoning allows land to be valued for property taxation, in general, on the basis of its use for growing and harvesting timber only. Beginning in fiscal year 1977-78, timber would be exempt from ad valorem taxation however, a yield tax would be imposed at such time the timber is harvested.
(Ord. 76-29 § 1 (part), 1976.)