N.J. Admin. Code § 2:76-10.8

Current through Register Vol. 56, No. 19, October 7, 2024

Section 2:76-10.8 - Final estimate of development easement value

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

1. The estimated development easement value which is arrived at by the difference between the market value unrestricted and the market value restricted and reported as a per acre value and total value of the property;

2. A discussion of the rights represented by the value conclusion and resultant changes in the highest and best use of the unrestricted versus the restricted property; and

3. A summary of the major points of the report which support the final estimate of value.

N.J. Admin. Code § 2:76-10.8