New Jersey Administrative Code
Title 2 - AGRICULTURE
Chapter 76 - STATE AGRICULTURE DEVELOPMENT COMMITTEE
Subchapter 11 - COMMITTEE ACQUISITION OF FARMLAND DEVELOPMENT EASEMENTS
Section 2:76-11.7 - Appraisals

Universal Citation: NJ Admin Code 2:76-11.7

Current through Register Vol. 56, No. 18, September 16, 2024

(a) For each application that has been authorized pursuant to 2:76-11.6 to proceed to the appraisal process, the Committee shall select two independent appraisers on the list of appraisers approved by the Committee pursuant to 2:76-6.2 2 to perform appraisals to determine a development easement value on the offered farmland.

(b) Appraisals to determine the market value of the development easement shall be conducted consistent with the process set forth in subsection c of section 24 of P.L. 1983, c. 32 (4:1C-31 ), sections 38(e), (g), (i) and (j) of the Garden State Preservation Trust Act, P.L. 1999, c. 152, and N.J.A.C. 2:76-10.

(c) Upon completion of the appraisals, the appraisers shall forward the appraisal reports to the Committee.

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