Action On Withdrawal

Farm & Ag/Open Space Requirements After Withdrawal
Upon receipt of a request for withdrawal, the assessor shall notify the legislative authority which originally approved the classification and, when 2 years have elapsed, the assessor shall withdraw the land from classification. The land which is withdrawn from classification shall be subject to an additional tax equal to the difference between the amount of tax paid under the classification and the tax at true and fair value for the last 7 years, plus interest at the statutory rate charged on delinquent property taxes. 
 
Designated Forestland Requirements After Withdrawal
Upon receipt of a request for withdrawal, the assessor shall withdraw the land from classification. The land which is withdrawn from classification shall be subject to an additional tax equal to the difference between the last Designated Forestland value and the new assessed value of the land. This amount is then multiplied by the number of years the land was designated as forestland, not to exceed nine, Tax will also be due on the land from January 1 of the year the designation is removed up to the removal date.