318                              Laws of Maryland                        [Ch. 75

(iii) Productivity of the land including timberlands and lands used
for reforestation.

[(b) (2) From and after July 1, 1969, lands that are actively
devoted to agricultural use, (i) which are, or have been, zoned to
more intensive use at the instance of an owner or (ii) lands for
which a subdivision plat is or has been recorded shall be valued and
assessed according to such agricultural use and in addition shall be
valued on the basis of the full cash value of such lands, and both
values shall be recorded in the assessment records. Both assessment
values shall be subject to the same notice and appeal procedures
as provided for all real property assessments under the provisions
of this article.

These lands shall be taxed upon the basis of the agricultural use
value assessment as long as they continue to be actively devoted to
farm or agricultural use. Upon (i) the sale of a lot or portion of
such lands or (ii) the conversion of the use of a portion or all of
such land to nonagricultural use, a deferred tax shall become due on
the lot or portion sold or converted, which shall be equal to the tax
which would have been paid if the tax had been computed on the
basis of the "full cash value" assessment for the time the dual as-
sessment has been recorded but not to exceed a period of three
years, less the tax actually paid on the lands based upon its agri-
cultural use value assessment for this period. In no event shall the
deferred tax exceed five percent (5%) of the "full cash value" as-
sessment in effect at the time of such sale or conversion.]

(b) (2) (A) The following lands shall not be subject to the pro-
visions of subsection (b) PARAGRAPH (1) hereof:

(i) Land zoned for industrial, commercial, or multi-family resi-
dential use as of July 1, 1972, if such zoning has been effected upon
application or at the instance of the owner or any former owner of
the land, or by any person who has or has previously had a property
interest therein; PROVIDED THAT THIS PARAGRAPH SHALL
NOT INCLUDE AN APPLICATION FOR REZONING TO COR-
RECT AN ACKNOWLEDGED ERROR IN THE ORIGINAL
ZONING.

(ii) Land which becomes zoned for industrial, commercial or
multi-family residential use after July 1, 1972, upon application or

at the instance of the owner or other person having a property

interest therein from and after the first day of the taxable year in

which the rezoning becomes effective;

(iii) (II) Land which becomes zoned after July 1, 1972, to a more
intensive use than it permitted on July 1, 1972, upon application
or at the instance of the owner or other person having a property
interest therein from and after the first day of the taxable year in
which the rezoning, becomes effective.

(iv) (III) Lands which, after July 1,1972, are subdivided into lots
or parcels from and after the first day of the taxable year in which
the subdivision occurs, as evidenced by a recorded plat or by a known
unrecorded plat used for purposes of selling or conveying lots or
parcels, even though the deed descriptions of the lots or parcels
make no reference to any such plat; provided that lands which are
subdivided in order to convey a single lot or parcel to a member of