N.J.A.C. 18:15-10.1 - Continuous Agricultural Use for Farmland Assessment

(a) In order that land continue to be valued, assessed, and taxed as farmland it must continue to be devoted to agricultural or horticultural use and comply with the other requirements of the Act.

(b) Liability for roll-back taxes does not accrue when a change in ownership takes place if the new owner continues to devote the land to agricultural or horticultural use, under the conditions prescribed in the Act.