The use value and fair market value of any property qualifying under this article shall be placed on the land book before delivery to the treasurer and the tax for the next succeeding tax year shall be extended from the use value. Property qualifying for taxation at its use value in the categories of real estate devoted to forest use and open space use on the basis of applications filed on or before November 1, 1998, shall be taxed at their fair market value commencing January 1, 2000.

(Ord. No. O98-19, 12/2/98)