Statutes, codes, and regulations
New Jersey Administrative Code
Title 18 - TREASURY - TAXATIONChapter 15 - FARMLAND ASSESSMENT ACT
Subchapter 10 - CONTINUANCE OF FARMLAND ASSESSMENT
Section 18:15-10.1 - Continuous agricultural use for farmland assessment

N.J. Admin. Code § 18:15-10.1

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Current through Register Vol. 56, No. 11, June 3, 2024
Section 18:15-10.1 - Continuous agricultural use for farmland assessment
(a) In order that land continue to be valued, assessed, and taxed as farmland it must continue to be devoted to agricultural or horticultural use and comply with the other requirements of the Act.
(b) Liability for roll-back taxes does not accrue when a change in ownership takes place if the new owner continues to devote the land to agricultural or horticultural use, under the conditions prescribed in the Act.

N.J. Admin. Code § 18:15-10.1

Amended by 49 N.J.R. 118(b), effective 1/3/2017