Farmland Tax Assessment
Under New Jersey law, any property is eligible to a farmland property-tax assessment if 5 or more acres to crops, forestry, livestock and the like. Eligible properties must also achieve production of farm / forest crops equating to $500 – $1000 per year for that first five acres: Additional income per-acre beyond the
1st five is needed as well. In the case of wooded or substantially-wooded farms, a qualified Woodland Management Plan must be approved by NJDEP at the commencement of forest management.
Annually, an Application for Farmland Assessment must be filed by August 1st of the pre-tax year. The land must have been in active horticultural or agricultural use for two years prior to being considered for farmland assessment rates your municpal tax assessor can give you more specifically.
General Farmland Assessment Resources
FEAC Booklet & Tables, 2016
NJ Assessors Guide, May, 2014
Guidelines for Generally Accepted Agricultural/Horticultural
Practices Under Farmland Assessment, NJ Div. Taxation, 2014
NJ Farmland Assessment Guide, 2005
The Right-to-Farm Act in New Jersey: A Guidebook for Farmers, Neighbors & Municipalities. [NJ SADC, June 2016]
NJ Farmland Assessment Act – Know the Facts [NJAES, April 2009]