New Jersey Administrative Code
Title 2 - AGRICULTURE
Chapter 76 - STATE AGRICULTURE DEVELOPMENT COMMITTEE
Subchapter 10 - APPRAISAL HANDBOOK STANDARDS
Section 2:76-10.8 - Final estimate of development easement value
Universal Citation: NJ Admin Code 2:76-10.8
Current through Register Vol. 56, No. 18, September 16, 2024
(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.
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