New Jersey Administrative Code
Title 2 - AGRICULTURE
Chapter 77 - TRANSFER OF DEVELOPMENT RIGHTS
Subchapter 8 - REPORTING REQUIREMENT FOR PUBLIC WORKS
Section 2:77-8.9 - Final estimate
Universal Citation: NJ Admin Code 2:77-8.9
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The final estimate of development credit value section of the appraisal report shall contain the following:
1. The estimated development credit
value that is arrived at by the difference between the market value and the market
value restricted of the land, representing the value of the development credit and
reported as a per acre basis and total value of the property:
2. A discussion of the rights represented by this
value conclusion should be recapitulated, as well as changes in highest and best use
of the unrestricted versus the restricted property; and
3. A summary of the major points of the report
should be summarized leading the reader to the same conclusion as the
appraiser.
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