ity to stand taxation, are of great value to the
communities in which they are located, for water protection, lumber
supply, and scenery in resort regions is undoubted.
The fundamental difficulty is that the tax should be in proportion
to yield or income and not in proportion to the market value of
the land and standing timber. Economists are substantially agreed
that this principle is applicable to the taxation of all kinds
of property with certain exceptions. Where there is a reasonably
certain annual yield or income the market value is theoretically
dependent upon it. A woodlot or forest, however, usually in this
country has no annual yield. It is unjust to require the owner
to carry the full annual burden of taxes, risk and protection in
every year for the chance of a yield once in fifty years, and it
is impossible for the owner to do it, for the taxes with compound
interest would confiscate his entire capital.
INTERNATIONAL TAX CONFERENCE, held at Toronto: _Resolved_, That
it is within the legitimate province of tax laws to encourage the
growth of forests in order to protect watersheds and insure a future
supply of timber; and legislation, or constitution amendment where
necessary, is recommended for these purposes.
AMERICAN FOREST CONGRESS, Washington, D. C.: _Resolved_, That we
earnestly commend to all state authorities... reducing the burden
of taxation on lands held for forest reproduction in order that
persons and corporations may be induced to put in practice the
principles of forest conservation.
PENNSYLVANIA DEPARTMENT OF FORESTRY: Tax assessors have differing
ideas of value and their assessments vary widely. The only remedy
for the forest owner is to appeal from the assessment to the county
commissioners, and, if here unsuccessful, to the county court, a
matter involving both time and expense and frequently more costly
than the differences in taxes to be gained; _but at the same time_
the fact is well recognized that forested land is both unequally
and unfairly taxed.
H. S. GRAVES, Chief Forester for the United States: The forest areas
now owned chiefly by lumber companies will cease to be devastated
as soon as fires are stopped. They will not, however, be handled
to any large extent with a view of future production until the
taxes are placed on a fair basis.
FILIBERT ROTH, Professor of Forestry, University of Michigan, State
Fire Warden of Michigan (speaking of frequent local attitude toward
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