What is the Potential Additional Tax flag that appears on some properties?

This flag is placed on properties with billed liens, properties in foreclosure or bankruptcy, and properties that have been removed from special use. When a change of use occurs, due to removal from special assessment use by owner request or from lack of use, the property is either billed for the use change or the Potential Additional Tax flag is added to the account. A property with the Potential Additional Tax flag will retain the flag until the lien is paid or the property requalifies for special use. If the property qualifies for special use it will begin ’working’ off the lien. The liens are calculated for either 5 or 10 years depending on the zoning.

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1. What are Farm and Forestland assessments?
2. What is the difference between the RMV and the AV?
3. What is the Potential Additional Tax flag that appears on some properties?
4. What does Potential Tax Liability mean?