New Jersey Administrative Code
Title 2 - AGRICULTURE
Chapter 77 - TRANSFER OF DEVELOPMENT RIGHTS
Subchapter 8 - REPORTING REQUIREMENT FOR PUBLIC WORKS
Section 2:77-8.6 - General information
Universal Citation: NJ Admin Code 2:77-8.6
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The general information section of the appraisal report shall contain the following:
1. The purpose of the appraisal is to estimate the
market value of a TDR credit;
2. A
statement of the rights being valued:
i. Market
value unrestricted;
ii. Market value
restricted; and
iii. Development credit
value;
3. A section defining
the legal and technical terms of the report;
4. Any assumptions and limiting
conditions;
5. A section identifying the
subject property by municipal tax map block and lot or other means. The subject
property and its current use shall be briefly described;
6. Any title changes in the last five years,
easements, agreements of sale, or options;
7. A report on present market conditions and
estimated marketing time;
8. Zoning and
assessment information; and
9.
Information detailing community and neighborhood data. This shall include, but not
be limited to, the character of the community, land use trends, the degree of
development pressure in the area, and any other information that may significantly
impact the fee simple market value.
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