A Simple Guide to New Jersey's Farmland Assessment
If you own five or more acres of land in New Jersey, you may be eligible for a significant property tax reduction through the Farmland Assessment Act. This program is designed to preserve our state's beautiful open spaces, and beekeeping is a key way for landowners to qualify. Learn more here.
What is Farmland Assessment?
In simple terms, the Farmland Assessment Act of 1964 allows your land to be taxed based on its value as a farm, rather than its much higher real estate market value. For qualifying properties, this can result in substantial savings on annual property taxes. The goal of the program is to encourage the preservation of New Jersey's natural, agricultural landscapes.
How Do Honeybees Help You Qualify?
To qualify for Farmland Assessment, your property must be actively used for agricultural or horticultural purposes and meet certain minimum income requirements from sales. Beekeeping (apiculture) is recognized by the state as a qualifying agricultural activity. The income generated from the sale of honey and other hive products from your property can be used to meet the minimum sales requirements of the program.
A Path to Qualification
We off a completely turn-key solution to establish and manage a qualifying beekeeping operation on your property. It is a way for you to potentially secure a significant tax benefit while making a positive impact on the local ecosystem.
Disclaimer
Beesphere provides professional beekeeping services and is not a tax advisor. The information on this page is for educational purposes only. Please consult with your local municipal tax assessor to confirm your property’s eligibility and specific requirements.