NJ S3446

Establishes a nine-member Farmland Assessment Review Commission within the Department of Agriculture to annually review New Jersey's farmland assessment program and recommend changes ensuring consistent, uniform statewide application of eligibility requirements and tax benefits

Commission must evaluate why over 37,000 properties currently receive farmland assessment, track annual participation rates by county and municipality, and determine feasibility of limiting total program participation or benefits levels

Requires the commission to assess options for means-testing eligibility (income caps), establishing mandatory inspection fees paid by farmland-assessed property owners, and adjusting requirements for inflation

Commission must review and audit all submitted farm product sales data and documentation, with properties found to have missing, incomplete, or fraudulent documentation subject to loss of farmland assessment privileges and repayment of benefits within 90 days

Senate and Assembly agriculture committees must meet to review annual commission reports and recommend legislation to implement proposed changes to farmland assessment and related open space preservation programs