New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 12 - LOCAL PROPERTY TAX: GENERAL
Subchapter 4 - REVALUATION OF REAL PROPERTY BY APPRAISAL FIRMS
Section 18:12-4.6 - Appraisal firm; qualifications of principals and employees

Universal Citation: NJ Admin Code 18:12-4.6

Current through Register Vol. 56, No. 6, March 18, 2024

(a) The principals of the firm and the employees of the firm directly engaged in municipal revaluation programs in this State shall meet the following minimum requirements:

1. Principals shall have five years of practical and extensive appraisal experience in the valuation of the four classifications of property;

2. Supervisors shall have four years of practical and extensive appraisal experience in the valuation of the particular type of properties for which they are responsible. Two years of this experience must be in mass appraisal and have occurred within the past five years;

3. Field personnel and/or data collectors shall have received 150 hours of in-service training pertaining to their particular phase of work and shall be generally aware of all other phases of the revaluation project before starting actual field work;

4. Personnel determining final land values shall meet the qualifications prescribed for supervisors in direct charge of the work; and

5. Resumes shall be submitted on behalf of principals and supervisors.

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