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Ambiguities and Pitfalls in Forest Productivity Taxation

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Abstract:

A productivity tax accurately based on a typical forest valuation formula could be more discouraging to purchase of bare land than an unmodified ad valorem tax. This possibility occurs because the common productivity valuation approach capitalizes mean annual value increment and gives the combined value of land and timber in a fully regulated forest. In terms of present value on one acre, the burden on land purchase and reforestation decisions tends to be heightened because productivity taxes are distributed more toward rotation-start than the ad valorem tax. In addition, improper procedures for selecting the capitalization rate often cause productivity valuations to vary inversely with the inflation rate.

Document Type: Journal Article

Affiliations: Associate Professor of Forest Economics, Virginia Polytechnic Institute and State University, Blacksburg

Publication date: January 1, 1983

More about this publication?
  • The Journal of Forestry is the most widely circulated scholarly forestry journal in the world. In print since 1902, the Journal has received several national awards for excellence. The mission of the Journal of Forestry is to advance the profession of forestry by keeping forest management professionals informed about significant developments and ideas in the many facets of forestry: economics, education and communication, entomology and pathology, fire, forest ecology, geospatial technologies, history, international forestry, measurements, policy, recreation, silviculture, social sciences, soils and hydrology, urban and community forestry, utilization and engineering, and wildlife management. The Journal is published bimonthly: January, March, May, July, September, and November.
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