sensanjay said:There are some farms around where I live that are designated as "Preserved Farmland", which I assume means that these tracts of land cannot be build upon. In the four years that I've lived in this area, open space has been disappearing at an alarming rate, replaced mostly by sub-divisions.
Thank you for enlightening me. I was blissfully unaware of this... quite a scam, I should say.avandesande said:It is a huge scam. Rich people can hold onto their farms and pay little or no property taxes (farm rebate) and then turn around and sell it as a subdivision and make millions. Basically the locals are subsidizing the rich person's land investment.
I say once a landowner takes the farm rebate, the land should be zoned as farmland forever. NJ is at a crossroads now where this makes sense.
photobum said:Not quite the huge "scam" that it's made out to be. If you own a very large piece of property it can be taxed at the "farm rate" You have to work the property and have to earn $500. a year from the land. Some sell christmas trees, or board horses.
Now the locals have a nice view because of the "farm". The owners don't have to pay $100,000 a year in property tax for one house and a big field. When that farm gets subdivided the township will now start getting big tax dollars, true. But, with each house comes 2.2 kids. In NJ the average cost per child is $10,000 a year for school. Now that's $22,000. in school bills for, say $5,500. in property tax. So how is that a big scam? I live in Morris county. Lots of rich horse farms etc. I would much rather have the scenic open space with 2.2 rich kids, than a massive subdivision with hundreds of new kids and have to pay for a new school.
Be careful what you wish for. No I do not have a "farm", just a modest little house.
RAP said:Unless they put up a condo, townhouse complex. The property taxes per unit is comparable to that of a single family house! So then how many units per acre can you build! At five to ten thousand in property taxes per unit, at say ten to twnety units per acre?
bobfowler said:It might be a steal in NJ, but compared to the rest of the country... My sister in Florida has a house a little bigger than mine on a quarter acre, her taxes are $800 per year!
Oh yes... for those who don't live here... If you ever visit NJ, make sure you stop at a deli for a porkroll, egg, and cheese sandwich for breakfast! Your arteries will harden, but they are soooooo good!
joeyk49 said:"TaylorHamEggandCheeseandaCoffeeToGo" must be said quickly in one breath or they'll know you're from outta town.
Dang! We've been having pefect 50 degree weather with blue skies all week.joeyk49 said:Good Luck!
...and just in time for a little winter ice storm, yippee!
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