Private forest owners and property tax incentive programs in the United States: A national review and analysis of ecosystem services promoted, landowner participation, forestland area enrolled, and magnitude of tax benefits providedAuthor(s): Michael A. Kilgore; Paul V Ellefson; Travis J. Funk; Gregory E. Frey
Source: Forest Policy and Economics
Publication Series: Scientific Journal (JRNL)
Station: Southern Research Station
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DescriptionForest ecosystems provide services that can be promoted by state property tax incentive programs. A 50-state review in 2014–2015 determined that such programs were used to foster services such as protection of soil and water resources, habitat for fish and wildlife, aesthetically pleasing landscapes, and the production of timber and wood fiber. The review determined that nearly 210 million acres (85 million hectares [ha]) were enrolled in 58 different state property tax programs, an estimated 44% of private forest area eligible for enrollment. Over 3.85 million participants benefited from the programs and collectively received more than $1.61 billion in reduced annual property taxes. The average annual value of the reduction was $7.68 per acre ($19.00 per ha)
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CitationKilgore, Michael A.; Ellefson, Paul V.; Funk, Travis J.; Frey, Gregory E. 2018. Private forest owners and property tax incentive programs in the United States: A national review and analysis of ecosystem services promoted, landowner participation, forestland area enrolled, and magnitude of tax benefits provided. Forest Policy and Economics. 97: 33-40. https://doi.org/10.1016/j.forpol.2018.08.015.
KeywordsEcosystem services, private forest land, property tax programs, tax incentives
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