Form 11163 Stipulation of Settlement Form Farmland Rollback - New Jersey

What Is Form 11163?

This is a legal form that was released by the Tax Court of New Jersey - 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 11163?
A: Form 11163 is the Stipulation of Settlement Form Farmland Rollback for the state of New Jersey.

Q: What is the purpose of Form 11163?
A: Form 11163 is used to outline the terms and conditions of a settlement agreement related to farmland rollback in New Jersey.

Q: What is farmland rollback?
A: Farmland rollback refers to the process by which land designated as farmland is assessed at its agricultural value rather than its higher development value.

Q: Who should use Form 11163?
A: Form 11163 should be used by parties involved in a settlement agreement related to farmland rollback in New Jersey.

Q: Are there any fees associated with submitting Form 11163?
A: There may be fees associated with submitting Form 11163. It is recommended to check with the New Jersey Division of Taxation for the current fee schedule.

Q: What happens after submitting Form 11163?
A: After submitting Form 11163, the New Jersey Division of Taxation will review the stipulation of settlement and determine the appropriate action to be taken.

Q: Can Form 11163 be modified?
A: Form 11163 can be modified as long as both parties in the settlement agreement are in agreement and any modifications are approved by the New Jersey Division of Taxation.

Q: Is legal representation required to complete Form 11163?
A: Legal representation is not explicitly required to complete Form 11163, but it is recommended to seek legal advice when dealing with settlement agreements.

Q: What if I have additional questions about Form 11163?
A: For additional questions about Form 11163, it is best to contact the New Jersey Division of Taxation directly for accurate and up-to-date information.