DEPARTMENT OF ADMINISTRATIVE AND FINANCIAL SERVICES
BUREAU OF REVENUE SERVICES, PROPERTY TAX DIVISION

Rule No. 202 (18-125 CMR 202)

Summary: Title 36, M.R.S.A., section 576 requires the State Tax Assessor establish the 100% valuation per acre for each forest type by economic region for parcels classified under the Tree Growth Tax Law for tax year 2008.

.01 Tree Growth Tax Law Valuation Schedule - 2008

Basis Statement

This rule incorporates current stumpage values into conventional and prevalent algorithms to determine the valuation of forestland by a classification and value averaging system that estimates the worth of forest land used for wood production excluding incremental value attributable to development potential.