Abstract In the usual forest finance calculation property taxes are taken care of in an unrealistic and inaccurate manner. In this article the authors explain and illustrate the theory of the property tax on forests and its relation to forest value. They suggest the use of certain mathematical formulas for the theoretical computation of property taxes on forests and forest value under various forms of management. The application of the formulas are illustrated in most cases by examples. The article is based on the theory contained in part 3 of "Forest Taxation in the United States", (Misc. Pub. 218, U. S. Dept. Agr.) and 6 of its 19 formulas are repeated from that publication.
Day et al. (Wed,) studied this question.