Taxation.

A. After the Town's acquisition of interests or rights pursuant to this chapter, the assessed valuation placed upon such open space or area for the purpose of real estate taxation shall take into account and be limited by the future use of the land.B. The Assessor of the Town of Webster is required to take into account and be limited by the limitation on the future use of the land resulting from the conveyance of interests or rights. The following table shall apply to those parcels affected prior to repeal of the current law and termination of new applications into the open space preservation program:Percentages of Remaining Value of Encumbered AcreageYearsConservationFarming57540665327562884824941201035171130151226131323121421111520101619171818171916201521142213231224112510