FOREST TAXATION IN THE UNITED STATES 203 
TABLE 68.—Estimated area of comme.cial privately owned forests, quantity of 
standing timber, and unit values of land and timber, 1929, all States, by 
regions—Continued 
Standing timber Unit stumpage value 
aie Vand ae i Saw timber (per 
: if value aw timber thousand feet 
Region and State Cues per Sona board measure) Cord 
= le 
land BE ape OG) | === =| (ode 
Soft- | Hard- Soft- | Hara- | Crd) 
woods | woods woods | woods 
Thou- Thou- 
sand Million| Million| sand 
South Rocky Mountain—Continued.| acres | Dollars| ft. b. m.|ft. b. m.| cords | Dollars| Dollars | Dollars 
News Miexico@eat == 22 2 ee 1, 092 2.00 | 4, 296 (?) (?) 2. 00 a (2) 
PATIZ OM deters tne a RE aS 42 2. 00 120 (?) (2) 2. (2) (2) 
Uitahesh aos SI Sees tees ts 2 a) 353 2. 00 265 (7) 165 2. 00 (2) . 50 
ING dat sawameles eum eee at 177 2. 00 448 (2) 373 2. 00 (2) . 50 
A WG ra eS St ae ah ae 5, 141 2.00 | 9,516 (2) GiiTAOh [eh esa eal ee 
| —ioe| 
Pacific coast: 
VAS i 6 Ora eee eee 10, 502 2.00 |182, 885 365 | 19, 075 2. 80 1. 50 .35 
Oreconlee roi sah de 13, 721 2.00 |232, 341 | 1,260 | 17, 869 2. 50 1. 50 .35 
Califor geese eee Sa eee eae 8, 814 2.00 |177, 051 (2) 67 2. 50 (2) 135 
MRO tales see ee aie es 33, 037 9, (0) WO, ele Nah, CPS B7/ OWL eee ose lececeecs 
CNR Pera ae UC TRAN 396).239)|_--_____ OMe) CES) NTA yee 
3 Negligible. 
Since assessed value in all States differs from actual value, it was necessary to 
determine the ratio of assessed value to actual value in order to calculate the 
assessed value from the estimated actual value. These ratios are given in column 
4, table 67. The ratios for New Hampshire, Wisconsin, North Carolina, Wash- 
ington, and Oregon were based on sales or appraisals of forest preperty. The 
ratios for the other States were based on Bureau of the Census figures for 1922 
(51, p. 5). The census figures, however, are for all real estate and they are for 
the year 1922. Since forest property is ordinarily assessed at a higher ratio to 
true value than is other real estate, and since there has been a tendency for the 
ratio of assessed to full value to increase, it seemed proper to make certain adjust- 
ments in the census figures. In Michigan and Minnesota the adjustment was 
made on the basis of assessment ratios of forest property in Wisconsin, as deter- 
mined from sales, since the assessment practice with respect to forests in Michigan 
and Minnesota was found to be similar to that in Wisconsin. The census ratios 
of assessed to true value of real estate in Michigan and Minnesota, respectively, 
were multiplied by the ratio of the assessment ratio of forest property in Wisconsin 
to the assessment ratio of Wisconsin real estate in general as reported by the 
census. In most of the Southern and South Central States and in a few States 
in other regions, the census ratios were increased by 20 percent, which is the 
average percent by which the ratios of assessed to full value of forest properties 
in North Carolina, Washington, Oregon, and Wisconsin, as determined by this 
study, exceed the Bureau of Census figures for the ratios of assessed to full 
value of real estate in these same States. In the remaining States, where the 
assessment ratio reported in 1922 was fairly high and where there was no reason 
to believe that the ratio had been substantially increased, the 1922 ratio was 
used without adjustment. 
Column 5 of table 67 gives the resulting assessed values of forests. These 
were computed from columns 2 and 4. Column 6, the assessed value of rural 
real estate, was computed from official records (95, table 23, column 2; 96, table 
214, column 2). The assessed value of real estate subject to taxation by cities 
in the respective States (from the former publication) was deducted from the 
total assessed value of real estate in the corresponding State (from the latter 
pupae: Column 7 gives the assessed values of all property (96, table 214, 
column 1). 
