TAXATION OF FOREST LANDS 11 



Neuchatel. Valuation takes into account soil, stand 

 and productiveness under rational management. 



Nidwalden. Assessment according to selling value. 



St. Gall. Forests are taxed at one-half selling value. 

 If worked under a plan approved by the State, the assess- 

 ment is according to their average yield. 



Schaffhausen. Private forests are assessed according 

 to yield, which is determined by comparison with yield 

 of State forests under working plans. The probable net 

 annual yield is capitalized. 



Soleure. Private woodlands valued by capitalizing 

 net annual yield at 5 per cent., and to this is added 4 

 per cent, of value of soil. 



Thurgau. Woodlands which are under working plans, 

 providing for continuous production, are assessed by cap- 

 italizing the net annual yield. 



Uri. Valuation based on mean between selling value 

 and productive power. 



Valais. There is a nominal tax on the soil, to which 

 is added a tax on yield. 



Vaud. Forest land is taxed and any forest products 

 which may be sold; but the standing timber and such 

 products as are consumed on the place are exempt. 



Zurich. The net income forms the basis of taxation 

 of forest lands. 



PART II LAWS OF OTHER STATES 



As instructed in the resolve, we have carefully exam- 

 ined the laws of other States. We find that Colorado, 

 Connecticut, Illinois, Indiana, Kansas, Maine, Massa- 

 chusetts, Minnesota, Nebraska, New Hampshire, Penn- 

 sylvania, Rhode Island, Vermont and Wyoming have made 

 special laws in regard to the taxation of forest lands, and, 

 with the exception of Indiana, these laws are nominally 

 in force. They have not, however, been productive of the 

 best results, not because the problem involved is not 

 capable of solution, but because the laws have in most cases 

 been framed without sufficient investigation. They fall 



