Estimating Value Contribution of Tree and Stand Condition
Key issues in encouraging forest management at the interface level in the oak woodlands are fire abatement, stand improvement, infection reduction, and hazard tree removal. The development of effective management prescriptions for stand improvement and economic returns provide guidance for homeowners, appraisers, and realtors. The purpose of this research project was to determine the effects of stand characteristics (e.g., structure, density and health) on the value of urban/interface forested properties. In this study, the forest characteristic coefficients were statistically significant with an estimated value contribution of about $30,000 each, or over 22 percent of the median property’s value ($262,079).
R. Joss Hanna, Richard P. Thompson, Douglas D. Piirto, and Jay E. Noel. "Estimating Value Contribution of Tree and Stand Condition" Oak Woodlands: Ecology, Management and Urban Interface Issues Symposium.. Mar. 1996.
Available at: http://works.bepress.com/jnoel/4