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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
Modernizing New Jersey's Farmland Assessment Program is not just a policy issue; it will preserve our agricultural legacy. OPINION: We have to modernize New Jersey’s Farmland Assessment Program ...
Here are the highest average property tax bills among New Jersey municipalities with a population greater than 5,000. Millburn, Essex County- $24,947 a year. Tenafly, Bergen County- $23,031 a year.
If you are a taxpaying New Jersey resident who is eligible for the ANCHOR benefit, your payment is coming. The ANCHOR program provides property tax relief to New Jersey residents who own or rent ...
Equalization is a step in property taxation to bring a uniformity to tax assessment levels across different geographical areas or classes of properties. Equalization is usually in the form of a uniform percentage of increase or decrease to each area or class of property. [1]
Property owners may make a declaration of the value of property they own to a taxing authority. This is often referred to as rendition. [26] The taxing authority may accept this value or make its own determination of value. The value determinations are generally made by a tax assessor for the taxing authority. Some states require uniform values ...