New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 26 - TRANSFER INHERITANCE AND ESTATE TAX
Subchapter 8 - ASSESSMENT AND VALUATION
Section 18:26-8.8 - Valuations generally
Universal Citation: NJ Admin Code 18:26-8.8
Current through Register Vol. 56, No. 18, September 16, 2024
(a) All property -- real, personal, tangible, or intangible -- subject to the New Jersey transfer inheritance tax is appraised according to its clear market value on the date of decedent's death.
(b) In the Director's judgment and discretion, the Director may require that the appraisal of any tangible assets subject to the transfer inheritance tax or estate tax, be supported by an appraisal made by a broker, dealer, jobber, or any other person having expert knowledge with respect to the market value of any such tangible property.
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