For purposes of this section, just value at the time of withdrawal is the assessed just value of comparable property in the municipality adjusted by the municipality's certified assessment ratio.

4.__Assessment and collection of penalties.__The penalties for withdrawal must be paid upon withdrawal to the tax collector as additional property taxes. Penalties may be assessed and collected as supplemental assessments in accordance with section 713-B.

5.__Eminent domain.__A penalty may not be assessed under this section if the withdrawal of the parcel is occasioned by a transfer to the State or other entity holding the power of eminent domain resulting from the exercise or threatened exercise of that power.

6.__Relief from requirements.__Upon withdrawal, the land is relieved of the requirements of this subchapter immediately and is returned to taxation under the statutes relating to the taxation of real property to be so taxed on the following April 1st.

7.__Reclassification as open space.__No penalty may be assessed upon the withdrawal of land from taxation under this subchapter if the owner or owners apply for and are accepted for classification of that land as open space land under subchapter 10.

8.__Report of penalty.__Any municipality that receives a penalty for the withdrawal of land from taxation under this subchapter shall report to the State Tax Assessor the total amount received in that reporting year on the municipal valuation return form described in section 383.

§1149.__Enforcement

A tax lien is created to secure the payment of the penalties provided in section 1148.__The lien may be enforced in the same manner and has the same effect as liens on real estate created by section 552.

§1150.__Transfer of ownership

If land taxed under this subchapter is transferred to a new owner or owners, in order to maintain the classification, within