N.J. Admin. Code § 2:77-8.9

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

Section 2:77-8.9 - Final estimate

(a) The final estimate of development credit value section of the appraisal report shall contain the following:

1. The estimated development credit value that is arrived at by the difference between the market value and the market value restricted of the land, representing the value of the development credit and reported as a per acre basis and total value of the property:

2. A discussion of the rights represented by this value conclusion should be recapitulated, as well as changes in highest and best use of the unrestricted versus the restricted property; and

3. A summary of the major points of the report should be summarized leading the reader to the same conclusion as the appraiser.

N.J. Admin. Code § 2:77-8.9

Recodified from N.J.A.C. 2:77-8.10 by R.2013 d.139, effective 12/16/2013.
See: 45 N.J.R. 495(a), 45 N.J.R. 2541(a).
Former N.J.A.C. 2:77-8.9, Property valuation after development acquisition (a/k/a market value restricted), where applicable, recodified to N.J.A.C. 2:77-8.8.