Tree appraisal assigns monetary importance to any tree on a site that is indicative of the tree’s contribution to the site, especially when construction may affect plants on the property. Basically, an appraisal constitutes developing an opinion of value or cost of a site’s landscape elements. An appraisal’s purpose is defined by a client’s needs, which may include unexpected losses, tort claims, insurance claims, tax deductions, real estate assessment, and proactive planning.
The best time to conduct an appraisal is prior to any incident with, or damage to, a tree. However, most appraisals occur after a tree has been removed or damaged. Such situations require additional investigation and might include a determination of pre-casualty value or comparative sampling on a local basis. Provided they are available, previous site records, tree assessments, site reviews, and even witnesses can help determine a tree’s pre-damage condition.
After gathering every relevant fact, Ms. Anderson determines the appropriate method of appraisal and provides an unbiased valuation. She documents all activities related to this process, from initiating client contact and establishing a tree’s background information to inspecting a site, collecting data, and formulating a reasonable and defensible value.
What is the value or worth of your tree?
The valuation of trees and living landscape components requires training, expertise, and experience. Just like any real estate or professional appraiser, plant and tree appraisers have the responsibility of assigning values and preparing to defend, explain, and support their results.
If you are pursuing tree valuation, you should retain the services of a qualified consulting arborist who can properly apply methods and techniques that best relate to your situation. The Tree Health Lady Arborists are also well versed in tree appraisal methods including value loss, reasonable restoration, species and class ratings, replacement cost and the trunk formula method.