Establishes Farmland Assessment Review Commission to annually review and recommend changes to farmland assessment program, as necessary to ensure fair, equitable, and uniform Statewide application and enforcement of program requirements and allocation of program benefits.

This bill establishes a Farmland Assessment Review Commission within New Jersey's Department of Agriculture to annually review and recommend improvements to the state's farmland assessment program. The commission will evaluate eligibility requirements, funding mechanisms, inflation impacts, and potential conflicts with other land preservation programs to ensure fair, equitable, and uniform statewide application of the program. The commission, consisting of nine members including state officials and representatives from diverse regions and farming communities, will submit annual reports with recommendations to the Legislature. The Legislature must then review these recommendations and enact legislation to implement approved changes, ensuring farmland assessment benefits continue to be allocated fairly to properties meeting program requirements. This process aims to improve program clarity, consistency, and fairness for both landowners and taxpayers.