New Jersey Administrative Code
Title 2 - AGRICULTURE
Chapter 76 - STATE AGRICULTURE DEVELOPMENT COMMITTEE
Subchapter 6 - ACQUISITION OF DEVELOPMENT EASEMENTS
Section 2:76-6.7 - Appraisals
Universal Citation: NJ Admin Code 2:76-6.7
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The procedure for conducting and reviewing appraisals shall be as follows:
1. The Committee shall adopt a list of approved
appraisers pursuant to
2:76-6.2 1;
2. The board in accordance with county procedures
shall select two appraisers from the list adopted by the Committee to conduct
independent appraisals of development easements or on lands that have received board
and, where appropriate, Committee approvals;
3. Appraisers shall perform appraisals in
accordance with procedures detailed at N.J.A.C. 2:76-10, in the generally recognized
appraisal practices and in the appraisal handbook;
i. For grant requests submitted pursuant to
2:76-6.5 to the Committee, the appraiser
shall certify the market value of the development easements as of August 1 of the
year in which the appraisals are conducted;
4. Upon completion of the appraisals, the
appraisers shall forward appraisal reports to the appropriate person designated by
the board to review the reports for completeness of contractual requirements;
and
5. For grant requests for the
purchase of development easements submitted to the Committee, the board shall
forward the completed appraisals to the Committee on or before November 15 of the
year in which the appraisals were conducted.
Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
