N.J. Admin. Code § 2:77-8.5

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

Section 2:77-8.5 - Summary

(a) The summary section of the appraisal report shall contain the following:

1. A letter of transmittal that shall contain the estimated value per TDR and the total value;

2. A certification of appraisal, which shall include the market value per TDR credit and total value, and market value restricted per acre and total value, date of valuation, a statement that the appraisal conforms to Uniform Standards of Professional Appraisal Practice (USPAP) and to the Standards for Appraisals set forth in N.J.A.C. 13:40A-5.1, 6.1, and 7.6 and the signature of the approved appraiser responsible for the report;

3. A summary of salient facts, which shall include the unrestricted value per TDR and total value and the restricted value per acre and total restricted value, and the easement value both per acre and total. The format shall conform with the sample located at N.J.A.C. 2:77-8 Appendix A, incorporated herein by reference; and

4. A table of contents that shall include the topic listings contained in the appraisal report with corresponding page numbers. The format shall conform with the sample located at N.J.A.C. 2:77-8 Appendix B, incorporated herein by reference.

N.J. Admin. Code § 2:77-8.5

Recodified from N.J.A.C. 2:77-8.6 and amended by R.2013 d.139, effective 12/16/2013.
See: 45 N.J.R. 495(a), 45 N.J.R. 2541(a).
In (a)2, inserted "set forth" and "and 7.6", and substituted a comma for "and" following "13:40A-5.1"; in (a)3 and (a)4, substituted "located at N.J.A.C. 2:77-8" for a comma following "sample"; In (a)3, deleted "of this subchapter" following "Appendix A"; and in (a)4, deleted "of this subchapter" following "Appendix B". Former N.J.A.C. 2:77-8.5, Appraisal report format, recodified to N.J.A.C. 2:77-8.4.