The Tri State Forestry Conference Ohio Illinois Indiana Indianapolis Ind
The Tri State Forestry Conference Ohio Illinois Indiana Indianapolis Ind
Tri State Forestry Conference 1919 Indianapolis
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After three years, the value of the land can, if equitable, be reassessed, and within the requirements of the statute, be further adjusted. The loss of annual taxes does not occur unless timber is cut, when they should in any case cease, and the increasing value of young timber and old stands is taxed by a products tax. Failure to declare and pay the products tax on old timber carries its own punishment in that the timber although cut, will continue to be as- 56 sessed and taxed annually. By th...e time the products tax on young timber assumes large proportions, the machinery for securing its collection would be in good working order. Owners of wild, unimproved or cut-over lands, under this system, will pay on the same assessed valuation as those who have left seed trees, young timber and have planted or secured natural reproduction. Although the latter property will constantly increase in value as the result of forestry, there will be no increase in taxation which is not imposed equally upon unimproved wild lands.
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