New Jersey Administrative Code
Title 2 - AGRICULTURE
Chapter 77 - TRANSFER OF DEVELOPMENT RIGHTS
Subchapter 8 - REPORTING REQUIREMENT FOR PUBLIC WORKS
Section 2:77-8.5 - Summary
Universal Citation: NJ Admin Code 2:77-8.5
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The summary section of the appraisal report shall contain the following:
1. A letter of transmittal that shall contain the
estimated value per TDR and the total value;
2. A certification of appraisal, which shall
include the market value per TDR credit and total value, and market value restricted
per acre and total value, date of valuation, a statement that the appraisal conforms
to Uniform Standards of Professional Appraisal Practice (USPAP) and to the Standards
for Appraisals set forth in
13:40A-5.1, 6.1, and 7.6 and the
signature of the approved appraiser responsible for the report;
3. A summary of salient facts, which shall include
the unrestricted value per TDR and total value and the restricted value per acre and
total restricted value, and the easement value both per acre and total. The format
shall conform with the sample located at N.J.A.C. 2:77-8 Appendix A, incorporated
herein by reference; and
4. A table of
contents that shall include the topic listings contained in the appraisal report
with corresponding page numbers. The format shall conform with the sample located at
N.J.A.C. 2:77-8 Appendix B, incorporated herein by reference.
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