(b) The county assessor shall remove the forestland designation upon:
(A) Notification by the taxpayer to the assessor to remove the designation;
(B) Sale or transfer to an ownership making it exempt from ad valorem property taxation;
(C) Discovery by the assessor that the land is no longer forestland; or
(D) The act of recording a subdivision plat under ORS chapter 92.
(2) A taxpayer whose application filed under ORS 321.839 has been denied in whole or in part, or a taxpayer whose forestland has had the designation thereof removed in whole or in part, may appeal to the Oregon Tax Court within the time and in the manner provided in ORS 305.404 to 305.560.
(3) If, under subsection (1)(b)(D) of this section, the county assessor removes the forestland designation upon the act of recording a subdivision plat, the land, or a part of the land, may be requalified for forestland designation upon:
(a) Payment of all additional tax and interest that remains due and owing with respect to the land;
(b) Submission by the owner of an application for designation as forestland as provided in this section;
(c) Meeting all of the qualifications for designation as forestland as provided in ORS 321.805 to 321.855; and
(d) Meeting the requirements, if any, of applicable local government zoning ordinances with regard to minimum lot or parcel acreage for forest use. [Formerly 321.820]