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

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  • Authors: Kilgore, Michael A.; Ellefson, Paul V; Funk, Travis J.; Frey, Gregory E.
  • Publication Year: 2018
  • Publication Series: Scientific Journal (JRNL)
  • Source: Forest Policy and Economics
  • DOI: 10.1016/j.forpol.2018.08.015

Listen to a brief audio clip by author Gregory Frey describing this publication. • Text Transcript

Abstract

Forest 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).

Sound Research audio clip of this publication is available.

  • Citation: Kilgore, 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.
  • Keywords: Ecosystem services, private forest land, property tax programs, tax incentives
  • Posted Date: October 3, 2018
  • Modified Date: July 6, 2021

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