LAC 61:V.2713 — Assessment of Timberland

A. Use Value Table 2717.B presents the assessed value of all bona fide timberland.
B. Classification of Timberland. Timberland shall be classified into four categories as follows.
1. Class 1 timberland is timberland capable of producing more than 120 cubic feet of timber per acre per annum.
2. Class 2 timberland is timberland capable of producing more than 85 but less than 120 cubic feet of timber per acre per annum.
3. Class 3 timberland is timberland capable of producing less than 85 cubic feet of timber per acre per annum.
4. Class 4 timberland is timberland capable of producing less than 85 cubic feet of timber per acre per annum and which is subject to periodic overflow from natural or artificial water courses, and which is otherwise considered to be swampland.
C. Range of Productivity of Timberland. The timberland productivity of each of the four classifications of timberland is hereby established to be as follows:
1. class 1 = 86.6 cu. ft. of growth/acre/year;
2. class 2 = 66.8 cu. ft. of growth/acre/year;
3. class 3 = 39.4 cu. ft. of growth/acre/year;
4. class 4 = 38.8 cu. ft. of growth/acre/year.
D. Production Costs of Timberland. The average timberland production costs are hereby established to be $10.80/acre/year.
E. Gross Returns of Timberland. The gross value per cubic foot of timber production is hereby established to be $0.59 per cubic foot.
F. Capitalization Rate for Timberland. The capitalization rate for determining use value of timberlands is hereby established to be as follows.