Estate Timber Appraisal
Get a professional assessment of your property’s standing timber value.
Importance of a Timber Appraisal
When a forested property is passed down to heirs a timber appraisal is generally needed to establish a new cost basis for tax purposes. A timber appraisal outlines standing timber volume and value and is created by a forester doing a “timber cruise”. This entails walking the property in a grid pattern and taking sample plots.
The Process
Once the timber basis is established it can then generally be used for accounting depletion purposes on future timber harvests as an offset against taxable income.
We are not accountants or licensed appraisers, but we are familiar with this process and have done many timber appraisals for families over the years. We can also provide references of accountants and appraisers we have worked with before if you need help in that regard.
Frequently Asked Questions
Do I need a stepped-up timber basis for an estate or inheritance?
If the property that is being passed down has timber on it then it is a good idea to check into getting a stepped-up timber basis. The potential income tax savings from a stepped-up timber basis can be very large on future timber harvests. Give us a call and we can discuss the specifics of your situation and if updating a timber appraisal might be right for you.
How much is my timber worth?
Good question! Give us a call today and one of our foresters can come out for a free site visit to estimate the total standing timber volume and value on your property.
Why Choose JD Forest Management?
Hire a professional forester to manage your logging operation
Our professional foresters have 4-year degrees providing a technical background in forest diseases, silviculture (the science of growing trees), logging operations, reforestation, and much more. A timber harvest may happen on a property only once every 15-20 years so make sure you use a trusted professional to get it done right!
Over 40 Years of experience
We have been managing private forestlands in northern Idaho, eastern Washington, and northwestern Montana for over 40 years. Including Boundary County, Bonner County, Kootenai County, Benewah County, Shoshone County, Latah County, Clearwater County, Idaho County, Stevens County, Pend Oreille County, Spokane County, Lincoln County, and Sanders County.
Insurance and Contracts
We use strong legal contracts drafted by attorneys for all forestry contract work. This protects the landowner from liability and makes the work specifications clear to all parties. We are insured and make sure all contractors provide proof of insurance as well.
We manage 10,000+ acres of timberland at present
No project is too big and we definitely have the capability to help you manage your forest no matter if it’s 10 acres or 1,000 acres!
Experience You Can Trust
We have the forestry training, experience, and capabilities to handle any forest management project. We are passionate about helping private landowners achieve their goals and we love keeping our local forests healthy and growing!
What Now?
Schedule a site visit with a forester to discuss your goals and objectives for your property. After the site visit, we will outline the steps required to reach your goals and provide pricing for each service. Feel free to learn more about our process or schedule a site visit today.
Call Today
(208)-817-9786
Email Us
info@jdforest.com
Resources
Click To Learn More