Extinction from habitat loss is the signature conservation problem of the twenty-first century 1 . Despite its importance, estimating extinction rates is still highly uncertain because no proven direct methods or reliable data exist for verifying extinctions. The most widely used indirect method is to estimate extinction rates by reversing the species-area accumulation curve, extrapolating backwards to smaller areas to calculate expected species loss. Estimates of extinction rates based on this method are almost always much higher than those actually observed 2-5 . This discrepancy gave rise to the concept of an 'extinction debt', referring to species 'committed to extinction' owing to habitat loss and reduced population size but not yet extinct during a non-equilibrium period 6,7 . Here we show that the extinction debt as currently defined is largely a sampling artefact due to an unrecognized difference between the underlying sampling problems when constructing a species-area relationship (SAR) and when extrapolating species extinction from habitat loss. The key mathematical result is that the area required to remove the last individual of a species (extinction) is larger, almost always much larger, than the sample area needed to encounter the first individual of a species, irrespective of species distribution and spatial scale. We illustrate these results with data from a global network of large, mapped forest plots and ranges of passerine bird species in the continental USA; and we show that overestimation can be greater than 160%. Although we conclude that extinctions caused by habitat loss require greater loss of habitat than previously thought, our results must not lead to complacency about extinction due to habitat loss, which is a real and growing threat.The Millennium Ecosystem Assessment 1 predicts that near-term extinction rates could be as high as 1,000 to 10,000 times background rates (see also ref. 7). Most predictions of species extinction rates, including those in the Millennium Ecosystem Assessment, are inferred from applying the SAR to rates of habitat loss [8][9][10][11][12][13][14] . The wide discrepancy between the rates of species extinction predicted by this method and the extinction rates actually recorded, has fuelled a continuing debate about how to explain the discrepancy 2,4,[15][16][17][18][19][20] . The main issue is that, almost always, more species are left after a given loss of habitat than the number of species predicted to remain, based on the SAR. The most frequent interpretation is that the excess species are 'committed to extinction'. The term 'extinction debt' was coined to refer to species' populations that were no longer viable but were facing certain extinction due to habitat destruction that had already occurred 3,6,17 . The consensus on the most likely reason for the extinction debt is that there is a time lag for populations to go extinct after severe losses in population size 6,21 .Here we show that extinction rates estimated from the SAR are all overestimates. We de...