Farmland Assessment Act of 1964
Jump to navigation
Jump to search
Template:Short description The Farmland Assessment Act of 1964 provided for reduced taxes on farmland in New Jersey in an effort to reduce the sale of farmland to developers for housing and commercial space.[1]
History
The effect was to slow development, and farmland loss, but when prices rose for land the farms were still sold for profit. The act was supplemented with the Agriculture Retention and Development Act of 1981 which put permanent deed restrictions on the sale of farm properties. The Farmland Assessment Act continues today allowing tax exemptions for property 5 acres or more in size devoted to farmland or woodland.
References
<templatestyles src="Reflist/styles.css" />
- ↑ Script error: No such module "citation/CS1".
Script error: No such module "Check for unknown parameters".
External links
- Script error: No such module "citation/CS1".
- More on Farmland Assessment