54:4-23.20 - State farmland evaluation advisory committee - New Jersey Statutes

54:4-23.20.  State farmland evaluation advisory committee    There is hereby created a State Farmland Evaluation Advisory 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;  and the Secretary of Agriculture.  The committee shall meet from time to time on the call of the Secretary of Agriculture 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 primary objective of  the committee shall be the determination of 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.

     L.1964, c. 48, s. 20.