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North Carolina's Forestry Present-Use Valuation (PUV) Property Tax Program

By: Rick Hamilton, Mark Megalos, Robert Bardon Woodland Owner Notes

Qualified North Carolina owners of soundly managed commercial forestland have been eligible for property tax reductions since 1974 through the state’s forestry present-use property tax program. To be eligible for Forestry Present Use Valuation, qualified forestland must be actively engaged in the commercial growing of trees under sound management (NC General Statues 105 277.2- 277.7). Commercial growing of trees will entail a harvest as a thinning, partial, or complete harvest of trees (as prescribed in the forest management plan filed with the county tax office). This publication provides a brief overview of the complicated law.

Financial Incentives for Forest Management

By: Rajan Parajuli, Stephanie Chizmar, Mark Megalos, Robert Bardon Woodland Owner Notes

This publication provides an introduction to the various financial incentives available to woodlot owners. Both federal and state governments offer financial incentive programs; several of these programs provide cost-sharing payments that reimburse landowners for timber management activities. Other programs provide tax incentives, tax credits and deductions for reforestation expenses.

Producing Firewood From Your Woodlot

By: Colby Lambert Woodland Owner Notes

Producing firewood from a woodlot can be an excellent forest management opportunity. Properly marked and administered, firewood cutting can produce immediate income while increasing the long-term value of the woodlot. This publication discusses how and when to harvest for firewood.

Valuing Immature Forest Stands

By: Rajan Parajuli, Mark Megalos, Colby Lambert Woodland Owner Notes

This publication discusses the process for valuing immature timber stands that may have been lost due to natural disasters, theft, or condemnation. It explains the method for valuing young forest stands that may not be appraised under typical timber appraisal methods.

Cutting at Financial Maturity: Maximizing the Economic Return of Your Woodland

By: James Jeuck, Robert Bardon Woodland Owner Notes

Woodland owners harvest trees for financial and personal reasons. Deciding when is the optimal time to harvest is difficult for most woodland owners. However, this important decision strongly dictates future condition, growth and composition of the next stand of trees and, ultimately, your bottom line. Some basic economic principles can help you make harvesting and other key woodland management decisions. Using loblolly pine in North Carolina as an example, this publication demonstrates the optimal time to harvest based on financial maturity.