Form FA-1 Application for Farmland Assessment - New Jersey

What Is Form FA-1?

This is a legal form that was released by the New Jersey Department of the Treasury - a government authority operating within New Jersey. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form FA-1?
A: Form FA-1 is the application for farmland assessment in New Jersey.

Q: What is farmland assessment?
A: Farmland assessment is a program in New Jersey that allows qualifying farmland to be assessed at its agricultural use value rather than its market value for tax purposes.

Q: Who can use Form FA-1?
A: Farm owners in New Jersey can use Form FA-1 to apply for farmland assessment.

Q: What information is required on Form FA-1?
A: Form FA-1 requires information about the applicant's farm and agricultural practices, as well as details about the land and ownership.

Q: When should Form FA-1 be filed?
A: Form FA-1 should be filed by August 1st of the year preceding the tax year for which farmland assessment is desired.

Q: What are the benefits of farmland assessment?
A: Farmland assessment can result in lower property taxes for qualifying farm owners.

Q: Are there any eligibility requirements for farmland assessment?
A: Yes, there are eligibility requirements for farmland assessment in New Jersey, including minimum acreage and income requirements.

Q: How long does farmland assessment last?
A: Farmland assessment is valid for the tax year it is filed and remains in effect until a change in ownership or disqualification occurs.

Q: What happens if I no longer meet the eligibility requirements for farmland assessment?
A: If you no longer meet the eligibility requirements, you must notify the local tax assessor's office within 45 days of the change in order to avoid penalties.