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Assessors flag forestland valuation challenges as buyers pay premiums and carbon credits emerge
Summary
County appraisal staff warned that some commercial forest parcels are selling above timber-value expectations, raising questions about how to reflect speculative purchases and emerging carbon-credit markets in property tax models; the state handles valuation of large timber parcels and timber harvest taxes.
County appraisal staff told the Collin County Board of Commissioners that certain forestland sales appear to reflect values above the present value of timber production, complicating assessment work.
When a board member asked whether appraisers had noticed forestland selling at prices higher than the net present value of timber growth, Pam, the chief appraiser, said such purchases sometimes reflect buyers’ expectations that the land could be redeveloped or otherwise used more…
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