Section 350-11-006 - DISQUALIFICATION CRITERIA006.01 Any land upon which the special valuation assessment has previously been granted shall cease to be eligible for the special valuation assessment upon the occurrence of any of the following events: 006.01A Written notification by the applicant or his or her successor in interest, or the applicant's agent, guardian, conservator, or executor of the applicant's estate to the assessor to remove the special valuation assessment; or006.01B Sale or transfer of the land to an ownership if it results in a status of tax exemption. If the property is sold or transferred to an entity that may qualify for a property tax exemption pursuant to Neb. Rev. Stat. Section 77-202(1) (c) or (d), then this subsection shall not apply until the exemption has been granted; or006.01C Sale or transfer to the state or its political subdivisions unless the land continues to qualify as agricultural or horticultural land; or006.01D Annexation of the land by a sanitary and improvement district, city, or village except for land in a conservation and preservation easement, inside the corporate limits of a city or village; or006.01E The land no longer qualifies as agricultural or horticultural land; or006.01F The land is donated to an organization exempt from taxation under section 501(c)(3) of the Internal Revenue Code, State of Nebraska or a political subdivision of the State of Nebraska and will be used by the organization, state or political subdivision for a public, educational, religious, charitable, or cemetery purpose.006.02 It is the duty of the applicant, the applicant's agent, guardian or the conservator, or executor of the applicant's estate, to notify the assessor of any change in the status of the land, which will disqualify it from receiving the special valuation assessment.006.03 It shall be the duty of the assessor to continually verify, throughout the year, that all properties listed for the special valuation assessment continue to qualify and apply the recapture valuation assessment through tax year 2008, to any properties which are no longer eligible.350 Neb. Admin. Code, ch. 11, § 006