Publication Details

Forest values and the impact of the federal estate tax on family forests

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Dickinson, Brenton J.; Butler, Brett J.; Kilgore, Michael A.; Catanzaro, Paul; Greene, John; Hewes, Jaketon H.; Kittredge, David; Tyrrell, Mary.

Year Published

2012

Publication

In: Morin, Randall S.; Liknes, Greg C., comps. Moving from status to trends: Forest Inventory and Analysis (FIA) symposium 2012; 2012 December 4-6; Baltimore, MD. Gen. Tech. Rep. NRS-P-105. Newtown Square, PA: U.S. Department of Agriculture, Forest Service, Northern Research Station. [CD-ROM]: 20-25.

Abstract

Previous research has suggested that heirs to family forest land may sell timber and/or land in order to pay state and/or federal estate taxes, which could result in land use conversion or other adverse ecological impacts. We estimated the number of Minnesota family forest landowners and the associated acreage that could be subject to estate taxes at various exemption levels. Using 2011 Minnesota forest land sale transactional data we calculated the minimum acreage that would trigger the federal estate tax at different hypothetical tax exemption levels and estate compositions (percent of gross estate whose value is comprised of forest land). Using the U.S. Forest Service's National Woodland Owner Survey data for Minnesota and population mortality rates, we estimated the number of family forest ownerships and acres potentially affected under various scenarios.

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Citation

Dickinson, Brenton J.; Butler, Brett J.; Kilgore, Michael A.; Catanzaro, Paul; Greene, John; Hewes, Jaketon H.; Kittredge, David; Tyrrell, Mary. 2012. Forest values and the impact of the federal estate tax on family forests. In: Morin, Randall S.; Liknes, Greg C., comps. Moving from status to trends: Forest Inventory and Analysis (FIA) symposium 2012; 2012 December 4-6; Baltimore, MD. Gen. Tech. Rep. NRS-P-105. Newtown Square, PA: U.S. Department of Agriculture, Forest Service, Northern Research Station. [CD-ROM]: 20-25.

Last updated on: February 1, 2013