APPRAISAL


  







Northwest Forestry Services has completed hundreds of appraisals of timber, reproduction, and timber land.  For most properties, we also prepare the timber cruise upon which the appraisal is based.  In addition to the economic analysis, the typical appraisal report includes the same information as a timber cruise report.

Click here to view or download a sample appraisal report.  The report was developed by Northwest Forestry Services for one of its clients, but the names, dates, and legal descriptions have been changed.

The components of a typical timber appraisal report are listed below:


    Purpose, Function, and Scope
  -Purpose – Reason for the report (e.g., to estimate current market value of
    merchantable timber)
-
Function – Intended use of the report (e.g., to determine a sale price for the
    timber, to provide a value for estate tax purposes, etc.)
-
Scope – Type and extent of research
 
Definition of Market Value
 
Client Name and Intended User(s)

Assumptions and Limiting Conditions
 
Property Description
-Maps and Aerial Photographs
-Location and Access
-Boundary Markings
-Topography
-Timber Stands and Other Cover Types
-Stand Ages
-Operability for Timber Harvest
-Legal and Physical Limitations on Timber Harvest

 
Timber Inventory Data (go to Forest Inventory for a more detailed discussion)
-Description of Methods – including cruise method (variable radius plots, fixed area
    plots, etc.), sampling intensity, log lengths (minimum, maximum, and preferred
    lengths by species and sort), minimum scaling diameter, minimum merchantable
    log, and minimum merchantable tree
-
Per Acre and Average Tree Data – including species composition, average
    diameter, basal area, number of trees, number of logs, and cubic and board
    foot volumes
-
Log Quality Data – including breakdown of volume by species, log sort, and log
    grade
-
Sampling Error of the Volume Estimate
 
Appraisal
-Description of Appraisal Methods
-Log Prices by Species, Sort, and Grade
-Harvest Costs
    Logging
    Hauling
    Road Construction
    Administration
    Harvest Taxes
    Reforestation
    Profit and Risk
    Others
-Market Value Estimate

 


11825 SW Greenburg Road, Suite #2A Tigard, Oregon 97223-6466 | tel. 503.684.8168