Taxes on timber lands are based on 2 principles, the landowner has the choice of paying by the site index(good,medium or poor), and you don't pay a severance tax when the timber is cut. Or, you pay bare land value, around $1/acre or less, and pay a severance tax when the timber is harvested. In this case, the timber will never be harvested and sold, so a good deal.
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Mike Allen
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