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- Info
Inconsistent forest property tax policies within selected southern states
| Author: |
Hickman, C.A. |
| Date: |
1989 |
| Periodical: |
Research Paper SO-253. U.S. Department of Agriculture, Forest Service, Southern Forest Experiment Station |
| Abstract: |
All Southern States except Georgia appraise forest holdings for property tax purposes on the basis of their current use as opposed to fair market value. While procedures vary, every State but North Carolina estimates forest use values in such a way that a combined value for land and timber is obtained. This situation prevails even though, in addition to North Carolina, four other States-Alabama, Louisiana, Mississippi and Tennessee-provide a legal tax exemption for all, or most, standing timber. The nature of these policy inconsistencies is discussed and their potential impact on forest assessments and taxes is illustrated by means of a hypothetical example. |
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