The proposed bill establishes the Farmland Assessment Review Commission within the New Jersey Department of Agriculture, tasked with the annual review and recommendation of changes to the state's farmland assessment program. The commission will evaluate the distribution of farmland-assessed properties, assess the feasibility of imposing limits on benefits and eligibility, and recommend updates to the program's rules and regulations. It will also explore the need for a dedicated funding source for local inspections to confirm ongoing eligibility for program benefits. The commission will consist of nine members, including state officials and public members with diverse backgrounds, and will have the authority to review documentation related to farmland assessment and recommend actions for compliance.

Additionally, the commission is required to submit an annual report detailing its activities, findings, and recommendations to the Governor and the Legislature. The Senate Economic Growth Committee and the Assembly Commerce, Economic Development and Agriculture Committee will review these recommendations and may propose legislative changes based on the commission's suggestions. The bill also mandates the development of guidelines for municipal tax assessors to assist in determining agricultural use and outlines the process for updating these guidelines as necessary. Overall, the bill aims to enhance the integrity and effectiveness of the farmland assessment program in New Jersey.

Statutes affected:
Introduced: 54:4-23.3