Saw logs 



90,250 bd. ft. @ $50 per 



thousand 

 90,250 bd. ft. @ $30. per 



thousand 



Pulpwood 



150 cord @ $15. cord 

 Total 



$4,512.50 

 2,707.50 



2,250.00 

 $9,470.00 



Prices used in this example are average zone 

 market prices for the Northeast Kentucky For- 



est Utilization region as of June, 1961. There 

 are seven utilization regions in the state and 

 the stumpage prices vary by regions. Informa- 

 tion on the latest market quotations by regions 

 may be obtained from the Department of 

 Revenue. 



Timber stands can also be valued by compari- 

 son with similar tracts which have been sold. 

 However, it must be established that the timber 

 is comparable in species, age or size of trees and 

 all other factors including location and access. 

 Generally this method is followed in the valua- 

 tion of timber for property tax purposes. 



LOUISIANA 



"Forest lands are hereby classified for assess- 

 ment purposes as follows: 



1. TIDEWATER CYPRESS LAND— Forest 

 land that is adjacent to tidewater and that 

 is supporting a growth of trees which are 

 predominantly cypress or that at some time 

 in the past supported a growth of trees 

 which were predominantly cypress, and 

 which has not been captured or occupied 

 predominantly by commercial species other 

 than cypress. 



2. HARDWOOD LAND— Forest land that is 

 supporting a growth of trees or shrubs, 

 which are predominantly broadleaf species 

 and that in the past supported a growth 

 of predominantly broadleaf species, and 

 which has not been captured or occupied by 

 tidewater cypress or pine. Tidewater Cy- 

 press Land, Longleaf Pine Land, and Other 

 Pine Land on which broadleaf species of 

 commercial importance have become estab- 

 lished as predominant species is Hardwood 

 Land. 



3. LONGLEAF PINE LAND— Forest land 

 that is supporting a growth of pine pre- 

 dominantly of the longleaf pine species 

 (Pinus Palustris) or that at some time in 



1 Standing timber, other than virgin timber, is exempt 

 from the general property tax under Constitutional 

 Amendment, effective Jan. 1, 1955. However, forest land 

 remains subject to the property tax. 



the past supported a growth of longleaf 

 pine and on which other pine species or 

 broadleaf species of commercial impor- 

 tance have not become established as the 

 predominant species. 

 4. OTHER PINE LAND— Forest land that 

 is supporting a growth of pine predomi- 

 nantly of a species other than longleaf pine 

 or that at some time in the past supported 

 a growth of pine predominantly of a species 

 other than longleaf pine and on which long- 

 leaf pine or broadleaf species of commercial 

 importance have not become established as 

 predominant species. 

 "For the purpose of taxation, the assessed 

 values of the above classifications of forest lands 

 shall be determined and the assessment of such 

 lands shall be made in the manner provided by 

 law. After the effective date of this amendment, 

 no additional value shall be added to the assess- 

 ment of land by reason of the presence of timber 

 thereon in excess of such value as was included 

 in the assessment of said lands and timber 

 thereon at the time of the adoption of this 

 amendment; provided that standing timber 

 shall be and remain liable equally with the land 

 on which it stands, for ad valorem taxes levied 

 on said land." 



Constitution of Louisiana, Art. X, Sec. 1, 

 as amended pursuant to Act 759, Laws of 

 1954, eff. Jan. 1, 1955. 



39 



