54:4-23.2.Ā  Value of land actively devoted to agricultural or horticulturalĀ  use
For general property tax purposes, the value of land, not less than 5 acresĀ  in area, which is actively devoted to agricultural or horticultural use andĀ  which has been so devoted for at least the 2 successive years immediately preceding the tax year in issue, shall, on application of the owner, and approval thereof as hereinafter provided, be that value which such land has forĀ  agricultural or horticultural use.

L.1964, c. 48, s. 2.
Ā