Farmland Assessment

New Jersey’s Farmland Assessment Act, administered by the New Jersey Department of Treasury, provides for lower assessment based on productivity of farmland if it meets specific eligibility criteria. To qualify for the tax assessment reduction, a landowner must have no less than five acres of farmland actively devoted to an agricultural or horticultural use for the two years immediately preceding the tax year being applied for and meet specific minimum gross income requirements based on the productivity of the land.

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