Farmland & Reimbursement

Reduced Assessment for Farmland


Land devoted to agricultural or horticultural use may be assessed for property tax purposes or its value. It can also be assessed for its productivity rather than on the market value of the land for any other use.

Qualifications


The land must be a minimum of five acres devoted to agriculture or horticulture for at least two consecutive years prior to the tax year and must continue so until the end of the tax year from which the claim is made.

The land usage must result in product sales or anticipated sales totaling at least $500 per year for the first five acres, plus $5 per acre for each acre over five. This excludes woodland or wetland where the minimum income must be 50 cents per acre for any acreage over five.

The reduced assessment must be applied for on Form FA-1 annually on or before August 1 of the year prior to the tax year. Applications are available at your local tax assessor's office.

FAIR ACT


The New Jersey Saver Rebate and the Homestead Rebate have been combined into one program this year, known as THE FAIR ACT. The FAIR ACT is for homeowners that must own and occupy a home in New Jersey as of October 1, 2004. The home must be subject to local property taxes and property taxes must be paid.

To file by phone, call: 877-658-2972.

For more information, call: 888-238-1233.
Property Tax Reimbursement (Freeze)
You may be eligible you are:
  • A homeowner, including owners of mobile homes located in mobile home parks
  • Age 65 or older
  • Receiving Social Security disability benefits
  • Paying property taxes on your principal residence in New Jersey either directly or through mobile home park site fees.
Applicants must meet all requirements for both the base year and the reimbursement year. Call 800-882-6597 for more information.