Working for Smart Growth:
More Livable Places and Open Spaces

 

Transfer of Development Rights

Saving Land Without The Tax Bite Takes TDRs

Wednesday, August 1st, 2001

Saving Land, Sparing Taxpayers

New Jersey announced last week that it will spend $230 million to purchase another 58,000 acres of farmland and open space, and preserve these from development.
In March, Burlington County preserved 640 acres of farm property at no cost to taxpayers by using “transfer of development rights,” or TDR.
Used successfully by other states […]

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