What type of properties are subject to farmland assessment in New Jersey?

In New Jersey, farmland assessment is specifically designed to provide tax relief for land that is actively devoted to agricultural use. This means that land must be used for farming activities such as crop production, raising livestock, or other agricultural purposes to qualify for the farmland assessment. This assessment helps to reduce the property tax burden on farmers and supports the agricultural industry within the state.

Active agricultural land is the only type of property eligible for this specific treatment because it is intended to encourage the maintenance and preservation of farmland, which is vital for State agriculture and food production. Other property types, such as commercial properties, vacant land, or residential estates, do not meet the criteria required for farmland assessment since they do not involve active agricultural practices. They are instead assessed based on their market value or use, which does not involve the same considerations or benefits afforded to actively farmed land.