These instruments provide an estimated monetary worth for individual trees, or groups of trees, based on various factors. For example, a common implementation assesses size, species, condition, and location to generate a financial figure. This figure attempts to quantify the benefits a tree provides, going beyond its inherent biological value.
The assessed financial figure serves several purposes. It can assist in insurance claims related to tree damage or loss. It also supports property valuation, reflecting the contribution of trees to aesthetics and environmental quality. Furthermore, such estimations are used in urban forestry management, guiding decisions related to tree preservation and investment in green infrastructure.