The New Jersey Farmland Assessment Act of 1964 provides landowners with a property tax reduction for managing their open or woodland areas for agricultural use. Portions of the property, like the home and lawn area, that are not utilized for agriculture are not subject to the tax abatement. The new assessment on the farm portion of the property is determined by the NJ State Farmland Evaluation Advisory Committee who publish annual productivity values for each type of land usage.
Basic Requirements for Entry
Woodland Management and Farmland Assessment
The Farmland Assessment Act of 1964 provides that land "shall be deemed to be in agricultural use when devoted to the production for sale of plants and animals useful to man, including trees and forest products
Types of Woodland Eligible for Farmland Assessment
Appurtenant Woodland - Woodland that may or may not provide income for the farm. If the woodland is less than 50 % of the combined cropland and pastureland it is considered appurtenant. Buffer areas can also be considered appurtenant.
Non-appurtenant Woodland Self qualifying woodland that meets all the requirements of Farmland Assessment
Additional Requirements for Non-appurtenant Woodland Owners
New Jersey Forest Stewardship Act
This act is similar to farmland assessment but does not require the landowner to generate annual income. An approved Forest Stewardship Plan must be in place to be eligible for this program and the landowner must own at least five acres of woodland.