The Productivity Concept in Forest Taxation
Abstract:The productivity concept, as defined, is viewed in the perspective of traditional approaches to the valuation of property for taxation. Existing and proposed applications of the productivity concept in the taxation of forest property in North America and Europe are examined. Use of a modified productivity approach is proposed for properties primarily valuable for timber production. Under such a system, yield values under specific forest management assumptions would be determined for typical sites and timber types. This would be accomplished by capitalizing the estimated net return at an acceptable rate of interest as recommended by Forest Valuation Councils in the respective States. Such values would be adjusted periodically for differences in the timber age-class distribution, density of stocking, and other factors. The productivity values determined in this manner would be available to timber growers, located in "forest areas" or zones, upon application and approval and upon the owners' dedication of the tract to timber-growing use for a specified period. The impacts of such a valuation system are contrasted with impacts under alternative methods of valuation for real property taxation. Forest Sci. 18:3-20.
Document Type: Journal Article
Affiliations: Assist. Professor, State University College of Forestry, Syracuse, N. Y.
Publication date: 1972-03-01
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- Forest Science is a peer-reviewed journal publishing fundamental and applied research that explores all aspects of natural and social sciences as they apply to the function and management of the forested ecosystems of the world. Topics include silviculture, forest management, biometrics, economics, entomology & pathology, fire & fuels management, forest ecology, genetics & tree improvement, geospatial technologies, harvesting & utilization, landscape ecology, operations research, forest policy, physiology, recreation, social sciences, soils & hydrology, and wildlife management.
Forest Science is published bimonthly in February, April, June, August, October, and December.
2015 Impact Factor: 1.702
Ranking: 16 of 66 in forestry
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Journal of Forestry
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