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Example

Maine Tree Growth Tax Law

In Maine, property taxes for forest lands are based on the value of the land in its current use, rather than market value. This method allows for valuation of forestland based on the actual use of the property, rather than what the use might be if the property were sold or developed. This results in tax savings for the landowner of forest.

Documents

  • Existing Laws

    Me. Rev. Stat. Ann. tit. 36, §§571 et seq.

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  • Existing Laws

    Tree Growth Tax Law website

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