36 §577. Reduced valuation under special circumstances
§577. Reduced valuation under special circumstances 1. On January 1, 1972. [PL 2007, c. 438, §13 (RP).] 2. Destruction by natural disaster. In the case of forest land areas upon which the trees are destroyed by fire, disease, insect infestation or other natural disaster, so that the area contains not more than 3 cords per […]
36 §578. Assessment of tax
§578. Assessment of tax 1. Organized areas. The municipal assessors or chief assessor of a primary assessing area shall adjust the State Tax Assessor’s 100% valuation per acre for each forest type of their county by whatever ratio, or percentage of current just value, is applied to other property within the municipality to obtain the […]
36 §579. Schedule, investigation
§579. Schedule, investigation The owner or owners of forest land subject to valuation under this subchapter shall submit a signed schedule, on or before April 1st of the year in which that land first becomes subject to valuation under this subchapter, to the assessor upon a form prescribed by the State Tax Assessor, identifying the […]
36 §571. Title
§571. Title This subchapter may be cited as the “Maine Tree Growth Tax Law.” [PL 1971, c. 616, §8 (NEW).] SECTION HISTORY PL 1971, c. 616, §8 (NEW).
36 §572. Purpose
§572. Purpose It has for many years been the declared public policy of the State of Maine, as stated in sections 563 and 564, to tax all forest lands according to their productivity and thereby to encourage their operation on a sustained yield basis. However, the present system of ad valorem taxation does not always […]
36 §573. Definitions
§573. Definitions As used in this subchapter, unless the context requires otherwise, the following words shall have the following meanings: [PL 1971, c. 616, §8 (NEW).] 1. Assessor. [PL 1979, c. 378, §6 (RP).] 2. Average annual net wood production rate. “Average annual net wood production rate” means the estimated average net usable amount […]
36 §574. Applicability (REPEALED)
§574. Applicability (REPEALED) SECTION HISTORY PL 1971, c. 616, §8 (NEW). PL 1973, c. 308, §3 (AMD). PL 1981, c. 517, §4 (AMD). PL 1981, c. 625, §2 (AMD). PL 1989, c. 555, §15 (RP).
36 §574-A. Ineligibility
§574-A. Ineligibility The Legislature finds that when the value of a recreational use lease of forest land exceeds the value of the tree growth that can be extracted from that land on a sustained basis per acre as determined pursuant to section 576, then the land is no longer primarily used for the continuous growth […]
36 §574-B. Applicability
§574-B. Applicability An owner of a parcel containing forest land may apply at the landowner’s election by filing with the assessor the schedule provided for in section 579, except that this subchapter does not apply to any parcel containing less than 10 acres of forest land. For purposes of this subchapter, a parcel is deemed […]