for more than ten years, however, cannot be collected; and if the 
land has been classified for more than 25 years no charges are made 
for withdrawal. Michigan permits withdrawal at any time upon 
payment of a fee for the period of classification. This fee amounts 
to 5 cents per acre per year for the first fifteen years, and 10 cents 
per acre per year for the next ten years. For any period over 25 
years the fee is 80 per cent of the stumpage value. Apparently, 
the theories in Michigan and Ohio are in opposition as to the benefits 
resulting to the state and the individual from long-term classification. 
In Alabama, failure to keep the contract makes the owner guilty 
of a misdemeanor and liable for the yield tax on the appraised value 
of his timber. 
Annual Taxes 
In states where some form of yield tax is in force, the principle of 
separating the land and the timber crop for purposes of taxation is 
recognized and the annual land tax is usually nominal. It is cus- 
tomary to stipulate that the timber be disregarded and that only the 
land be taxed and that this land tax shall not exceed a certain sum 
per acre or that the valuation on which the tax is assessed shall not 
exceed a certain sum. This enables the owner to forecast the actual 
tax cost of carrying his forest during the growing period. 
In Michigan the land-growing pine is taxed 5 cents per acre and 
hardwood land 10 cents per acre each year. Pennsylvania places a 
valuation of $1.00 per acre on such land for annual taxation purposes. 
In Louisiana the valuation is from $3.00 to $8.00; Maine, not over 
$5.00; Vermont, not over $3.00. 
Within these maximums the valuations of classified forest lands 
are fixed by the local assessors and the law usually states that the 
valuation shall be the same as for other barren or unproductive lands. 
Ordinarily the tax rate is the same for all classes of real estate within 
a county or township, but occasionally, as in Connecticut, the tax 
rate for classified forest land is fixed on the valuation of land and 
timber at the beginning of a fifty-year period, during which it cannot 
be increased, and the local tax rate is limited to 10 mills. A few 
states provide special tax reductions on this class of lands. In Ohio 
the tax is only 50 per cent of the local rate and in New Hampshire as 
much as 90 per cent of the tax is rebated on certain classes of land. 
Taxing the Harvested Crop 
Yield taxes and severance taxes are based on the value of the timber 
when the cutting is made. 
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