N.J.S.A. 54:4-23.1 et seq.
Allows land actively devoted to agricultural or horticultural use — generally at least 5 contiguous acres meeting minimum gross-sales thresholds (at least $1,000/year for the first 5 acres plus $5 per additional acre) and devoted to such use for the two consecutive years prior to the tax year — to be assessed for property tax purposes on its productive farm-use value rather than its market/development value. Productivity use-values are determined annually (on or before October 1) by county, land-use class, and soil group by the State Farmland Evaluation Committee (N.J.S.A. 54:4-23.20); owners must file Form FA-1 with the municipal assessor, and a rollback tax applies when qualified land is converted to a non-agricultural use (recovering the tax difference for the year of change and the two prior years).
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