That sounds like what they used to do here

Posted by Tim(nj) on March 08, 2005 at 21:22:48 from (209.50.154.187):

In Reply to: Re: O.T. Property Tax Accessment posted by MSD on March 08, 2005 at 19:57:26:

Since 1964, there has been a law on the books that requires farmland in this state to be assessed as just that, farmland. You must certify it is in agriculture to comply. Taxes still aren"t cheap on it, but it could be worse.
What the municipalities used to do was this (figures are not accurate, just examples): Suppose you had 100 acres of corn and hay just outside Piscataway, NJ, which back in the 50s was where the new development creeping out from the "old cities" was happening. Unsubdivided, it was worth $500 an acre. But it could be subdivided into 1 acre lots, and 100 houses could be on it, each worth $20,000. So they taxed you as though it was worth $20,000 an acre. There was a court battle over that system and the government lost, so that"s why we have our current system.
I live 50 miles west of Piscataway, and now the development has crept out this far, at the Delaware River. Won"t be long, I won"t have anything left to farm, so the tax system is moot . . . .

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