1. (a) For purposes of this section, the full and true value of the land, as referenced in RSA 79-A:7 shall be based on the highest and best use of the land as of:

   1. (1) The date the actual physical change was begun; or
   2. (2) The date on which the parcel no longer qualifies for current use assessment due to size.

2. (b) The full and true value of the land being disqualified pursuant to RSA 79-A:7 shall be based upon the highest and best use of the land, and include:

   1. (1) The value of all betterments to the land; and
   2. (2) The value of all earthen materials in the case of a legal excavation site pursuant to Cub 308.03(f) below.

Source. (See Revision Note #1 and Revision Note #2 at chapter heading for Cub 300) #12857-B, eff 8-23-19