The percentage factor by which the growth rates set by the State Tax Assessor pursuant to section 576 must be reduced to reflect the growth that can be extracted on a sustained basis is 10%. The capitalization rate applied to the value of the annual net wood production pursuant to section 576 is 8.5%.
Me. Rev. Stat. tit. 36, § 576-B
Discount factor and capitalization rate
Known as the Maine Tree Growth Tax Law
The act spans §§ 571 to 584-A (29 sections).
PL 1977, c. 549, §5 (NEW)
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.