Amends State Constitution to decrease acreage required for farmland assessment with certain requirements for valuing farmland under five acres in area.

ACR 110 proposes to amend New Jersey's Constitution to lower the minimum land size required for farmland tax assessment from five acres to three acres. Small farms of 3 to 5 acres would qualify for a reduced tax rate, with land between 3-4 acres assessed at 60% agricultural value and 40% market value, and land between 4-5 acres at 80% agricultural value and 20% market value. Land of five acres or more would continue to be assessed entirely based on agricultural use. This change would directly affect small-scale farmers owning 3-5 acres who previously did not qualify for the farmland tax assessment.