217. In a designated agricultural region established in accordance with the Act to preserve agricultural land, where a farm is not comprised in the agricultural zone of the municipal corporation established in accordance with that act, or is excluded therefrom, the second paragraph of section 214 ceases to apply to that farm from the second municipal fiscal period following that during which the agricultural zone decree, or the exclusion, as the case may be, comes into force.
In respect of that farm, for the fourth, fifth and sixth municipal fiscal periods following that during which the agricultural zone decree, or the exclusion, as the case may be, comes into force, the maximum taxable value of the land provided for by the first paragraph of section 214 is $1 250, $2 500, and $5 000 a hectare, respectively. Thereafter, that paragraph ceases to apply to that farm.
This section applies subject to section 216.