If you suspect that the assessment of your property value contains inaccuracies, contact your local assessor for information. Recreation Leases Timber Sales Recreation Leases Recreation leases offer the opportunity to offset property taxes or to invest in ownership objectives by generating income. These leases are often sought by hunting clubs or sportsmen from metropolitan areas. Issues such as liability and insurance should be addressed appropriately to protect everyone involved. Our sample lease may give you some ideas, but be sure to have your lawyer write a contract addressing your individual needs.
Many people have no idea what their timber is worth.
Depending on the quality, size, and ease of accessing the trees, hardwoods such as black cherry, oak, white ash, and sugar maple can be very valuable. Before cutting any tree for income, make sure the harvest is compatible with your forest management goals. A harvesting schedule will assure only the trees you want will be cut. As with selling any asset, you should retain a professional forester to handle the sale for you or at least get estimates from several loggers . And Recreation Many landowners use their land for recreational activities and to enjoy wildlife.