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Keyword: libtaxdodgers

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  • NJ's 'fake farmers' — like Jon Bon Jovi — dodging millions in taxes

    06/10/2011 3:58:19 PM PDT · by Halfmanhalfamazing · 40 replies
    AP via Trentonian ^ | December 2010 | AP
    NEPTUNE, N.J. (AP) — Spotty enforcement and an outdated state law allow thousands of landowners to pay pennies on the dollar in property taxes. The Farmland Assessment Act of 1964, intended to preserve agriculture in New Jersey, is being used by millionaires, developers and anyone with at least five acres to slash their farmland tax bills by 98 percent. An Asbury Park Press investigation into farmland assessment records found that landowners deemed "fake farmers" by those calling for reform are producing little more than the bare minimum — $500 — in goods to qualify for the tax breaks. One landowner...