Will roll back taxes be assessed on a property when a portion of the property is sold?

Roll back taxes will be assessed on the subdivided portion of the property; example, subdividing twelve acres into four-three acre lots.

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1. What is the use value assessment program; will this program save the property owner money?
2. What is the purpose of the use value assessment program?
3. What are the qualifications for a use value assessment?
4. Does property qualify for the special use value assessment when the land is used for livestock?
5. Can property continue to receive the special use value assessment when the owner sells his/her property?
6. Will roll back taxes be assessed on a property when a portion of the property is sold?
7. Can the parcel remain in the use value assessment program when the "use" of the property changes to a non-qualifying use?