54:4-23.2 - Value of land actively devoted to agricultural or horticultural use - New Jersey Statutes

54:4-23.2.  Value of land actively devoted to agricultural or horticultural  use
    For general property tax purposes, the value of land, not less than 5 acres  in area, which is actively devoted to agricultural or horticultural use and  which has been so devoted for at least the 2 successive years immediately preceding the tax year in issue, shall, on application of the owner, and approval thereof as hereinafter provided, be that value which such land has for  agricultural or horticultural use.

     L.1964, c. 48, s. 2.