State Tax Laws > Property Taxes > New Jersey (Summary)

Tax Type: Current use value

Description: Productivity values based on soil groups

Law: Farmland Assessment Act of 1964 Chapter 54.4-23.1

Objective: To preserve open land in New Jersey

Forest Tax Program Requirements

Min/Max Acreage: 5

Min. Stocking Growth: N/A

Forest Management Plan: Woodland management plan certified by an approved forester

Evidence of Use: 2 years preceding application, $500/yr and $0.50/acre/yr above 5 acres. Use verification once every 3 years.

Duration of Enrollment: Annual

Penalties for Use Change: Rollback 3 years

Program Administration

State: Non-appurtenant woodland must have a management plan filed with Department of Environmental Protection. Farmland advisory board sets values.

County Tax Assessor and Commissioner: County Tax Assessor files application.

University: Aids the calculation of values

Private Forestry Consultant: Forester

Landowner: N/A

For a more in depth discussion of New Jersey property taxes click here!