New Jersey property-tax definition
Farmland assessment
A preferential assessment program for qualifying actively devoted agricultural or horticultural land, subject to statutory requirements and possible rollback taxes after disqualifying changes in use.
Worked New Jersey example
A low farmland assessment should not be treated as ordinary residential market-value evidence.
Why it matters
Watchdog keeps the definition beside the property data so users can distinguish an observed public record from an interpretation or derived screening signal.
Official source
For homeowners
Use the term to understand what a tax or assessment record is actually saying before assuming it represents market value or a future bill.
For professionals
Keep the source and observation date with the number, verify the authoritative record, and document any calculation or professional conclusion separately.