New Jersey § 54:4-23

§ 54:4-23.

a. There is hereby created a State Farmland Evaluation Committee, the members of which shall be the Director of the Division of Taxation;

the Dean of the College of Agriculture, Rutgers, The State University; the Secretary of Agriculture ; a municipal tax assessor, county assessor, or county tax administrator, who shall

be appointed by the Governor with the advice and consent of the Senate; and a farmer

who is a current or former member of the State Board of Agriculture, who shall be

appointed by the Governor with the advice and consent of the Senate. Each appointed member shall serve for a term of three years and may be appointed

to successive terms . b. The committee shall meet from time to time on the call of the Secretary of Agriculture or the Director of the Division of Taxation and annually determine and publish a range of values for each of the several classifications

of land in agricultural and horticultural use in the various areas of the State. The committee shall determine the ranges in fair value of such land based upon its productive capabilities when

devoted to agricultural or horticultural uses. In making these annual determinations of value, the committee shall consider available

evidence of agricultural or horticultural capability derived from the soil survey

at Rutgers, The State University, the National Co-operative Soil Survey, and such

other evidence of value of land devoted exclusively to agricultural or horticultural

uses as it may in its judgment deem pertinent. On or before October 1 of each year, the committee shall make these ranges of fair

value available to the assessing authority in each of the taxing districts in which

land in agricultural and horticultural use is located. c. The committee shall also conduct the review, required every three years, or sooner

at the call of the Secretary of Agriculture or the Director of the Division of Taxation,

of the minimum gross sales, payments, fees, and imputed income requirements, and anticipated

yearly gross sales, payments, fees, and imputed income requirements, in order for

land which is actively devoted to agricultural or horticultural use to be eligible

for valuation, assessment and taxation under the provisions of P.L.1964, c. 48 ( C.54:4-23.1 et seq. ), as prescribed by section 5 of P.L.1964, c. 48 ( C.54:4-23.5 ), and may raise the amounts of those minimums to such levels as the committee determines

appropriate as authorized pursuant to section 5 of P.L.1964, c. 48. d. Within one year after the date of enactment of P.L.2013, c. 43 ( C.54:4-23.3d et al.), and every five years thereafter, the committee shall review the application

form or forms for valuation, assessment and taxation of land in agricultural or horticultural

use pursuant to P.L.1964, c. 48 ( C.54:4-23.1 et seq. ), and provide any recommendations the committee may have thereon to the Director

of the Division of Taxation.