2008 Year in Review

Tree Appraisal

Appraisal of trees that are damaged or lost due to storms must be done in some cases dealing with insurance claims or litigation. While not totally precise, it will usually provide a fairly accurate value for the tree or trees. Three different methods may be used to determine value. These are either done by assessed value of real estate, replacement cost or a formula.

For assessed value changes, ask a realtor or land appraiser to assess the property with and without the trees. A good recent photograph may be needed to establish property value before the loss occurred.

Small trees may be appraised by determining their cost of replacement. Replacement cost should include removal of the destroyed tree, cost of the new tree, installation and a post-survival guarantee.

For large trees, a formula method may be needed. The formula is based on an arbitrary monetary value for tree size and is subject to economic conditions. This basic value is then modified based on the following factors: cross section area, species, condition and location.

In most cases, the base value of trees is determined by a group or association of arborists. The Illinois Arborist Association does this for Illinois. Species ratings are based on species characteristics, such as environmental adaptability, biological traits and aesthetic characteristics. Values are reviewed and updated periodically.

Several factors, including legal precedents resulting from court cases involving tree appraisals, have made appraisals quite complex. It is very unlikely that an untrained individual would be able to accurately appraise tree damage or loss and be able to defend the appraisal in court. If the damage or loss is significant, it is a job for a professional. If the loss is not major, a formal appraisal may not be recommended.

by  Editor, theCity1.com
January 7, 2008