N.J. Admin. Code § 2:76-19.6

Current through Register Vol. 56, No. 24, December 18, 2024

Section 2:76-19.6 - Regional Environmental Quality Areas

(a) The base value shall be increased by the percentage factor associated with the environmental quality area in which the property is situated. Only one area adjustment factor shall be applied to each development easement. If the property on which a development easement is being valued lies within two environmental quality areas, the area in which the majority of the property lies shall apply.

1. Northern Environmental Quality Area (consisting of those properties in the Protection Area in Ocean County, but which are not in the Pinelands National Reserve)--24 percent;

2. Western Environmental Quality Area (consisting of properties located in the Protection Area in Burlington County and properties that are reasonably contiguous to the Protection Area in Burlington County)--44 percent;

3. Central Environmental Quality Area (consisting of properties located in the Protection Area in Camden and Atlantic Counties)--33 percent;

4. Southern Environmental Quality Area (consisting of properties located in the Protection Area in Gloucester and Cumberland Counties)--15 percent;

5. Pinelands National Reserve Area (consisting of properties located in the Pinelands National Reserve, but not in the Pinelands Area, in Ocean, Atlantic, Cumberland and Cape May Counties)--24 percent; and

6. Preservation Area (consisting of properties located in the Preservation Area which do not fall within any of the other areas)--14 percent.

N.J. Admin. Code § 2:76-19.6