Recreational leases are a good way to generate some annual income from your property, but there are advantages and problems associated with hunting leases.
For some, timberland may be a large portion of their portfolio or estate value such that it becomes a critical asset that needs to be dealt with expertly.
Property tax assessments and taxes have increased significantly since 2000, and in many cases have added a disproportionate financial burden to rural landowners.
The Internet and real estate websites have made it much easier for buyers to find available properties. This technology has also made it easier for buyers (and sellers) to make mistakes during the evaluation and transaction process.
You have made the decision to sell your property but you are not sure how to start. You obviously want to get the best price you can, but how do you go about it?
A timber harvest is the single most important event during the rotation of a forest stand, and a successful, well-planned timber sale will maximize income to the owner while minimizing adverse impact on other uses of the land.
Every landowner asks, “What is my timber worth?” The most truthful answer is, “It all depends!”
What something is “worth” can mean various things to different people. In most cases, “worth” implies “market value”, which means the price that a preponderance of knowledgeable buyers would pay for your property.
Every timberland owner has the desire to manage their property responsibly, but there are varying degrees of knowledge about how to best accomplish that objective. Some owners seek the advice of family members, friends, service contractors, or timber buyers. Others may use government assistance or seek professional guidance.
Landowners who desire to be good stewards of their property realize that a healthy forest is no accident – it does not just happen; it takes effort, involvement, and knowledge to make the best management decisions.
One of the largest expenditures for many timberland owners in Georgia is their annual property tax payment. Property taxes can have a negative impact on timberland’s investment value (net present value) and financial returns over the long term. However, many landowners do have options to reduce their property tax obligations and improve long-term returns from growing timber.
As an owner of real property in Georgia, you have always had the right to appeal a property’s assessed value. Senate Bill 346, which passed in 2010, changed some of the rules and regulations regarding appeals. In this article, we have summarized the property tax appeal procedures and highlighted the major changes from previous regulations.