Done separately or incorporated into a forest stewardship plan, timber appraisals are estimates of the quality, volume, and value of wood products growing on a parcel of forestland. A timber appraisal can be part of a real estate appraisal. It is useful in determining real estate values, estimated timber sale revenues, estate plans and federal income taxes.
Timber appraisals can be done at different levels of accuracy which are reflected in the cost. These range from a very rough estimate based on a quick walk-through, to a detailed inventory and analysis based on carefully measured plots distributed throughout the woodland. |