N.J. Admin. Code § 16:5-2.2

Current through Register Vol. 56, No. 24, December 18, 2024
Section 16:5-2.2 - General provisions

The Department, in acquiring agricultural or horticultural land which is eligible for valuation, assessment and taxation under the Farmland Assessment Act of 1964, N.J.S.A. 54:4-23.1 et seq., shall compensate the owner for any loss of income resulting from the interference of the acquisition with the harvesting of any standing crops or other agricultural commodities, in an amount determined according to their appropriate time of harvest and for the remainder of their average productive life, separate and apart from compensation for the fair market value of the land.

N.J. Admin. Code § 16:5-2.2