Proposes constitutional amendment to increase additional taxes owed when farmland property is not used for agricultural or horticultural purposes.

SCR 16 proposes a constitutional amendment to change New Jersey's property tax rules for farmland. Currently, land over 5 acres used for farming receives reduced taxes, but if owners stop farming it, they must pay additional taxes for the current year and the previous two years. This bill would extend that retroactive tax period to cover the current year plus the prior ten years. It directly affects owners of farmland that transitions from agricultural use to other purposes, requiring them to pay higher retroactive taxes based on the difference between farm-value and standard property tax rates.