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SADC staff outline new statewide farmland valuation formula, spring launch expected
Summary
Heather Siesel of the State Agricultural Development Committee described a proposed statewide valuation formula that uses a 50% base value plus county-specific categorical adjustments; the formula has committee review and a planned spring rollout, and SADC’s Next Gen farmer program is soliciting input from farmers.
Heather Siesel, SADC staff, told the Cape May County Agricultural Development Board on Jan. 27, 2025, that SADC is developing a statewide farmland valuation formula that would use a 50% base value with additional county-specific categories and features to add points to the base value up to 90% of…
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