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Appraisals obtained for Green Acres projects include the following services:<\/p>\n How are appraisals obtained?<\/strong> Local and Nonprofit Projects<\/strong> \u00a0<\/strong>State \u00a0Acquisitions<\/strong> \u00a0<\/em>Other State Projects<\/strong> How are appraisals used?<\/strong> Resources<\/strong><\/p>\n Contact Us<\/strong><\/p>\n Phone: (609) 984-0500 [\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":" [vc_row][vc_column][vc_column_text css=””] Appraisals and Appraisers What is an appraisal? An appraisal is the \u201cact or process of developing an opinion of value\u201d. \u2013 The Dictionary of Real Estate Appraisal (7th ed.) (2022) Appraisals obtained for Green Acres projects include the following services: Identification of physical characteristics of the property through personal site inspection; Identification of […]<\/p>\n","protected":false},"author":152,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-906","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/deptest.nj.gov\/greenacres\/wp-json\/wp\/v2\/pages\/906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/deptest.nj.gov\/greenacres\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/deptest.nj.gov\/greenacres\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/deptest.nj.gov\/greenacres\/wp-json\/wp\/v2\/users\/152"}],"replies":[{"embeddable":true,"href":"https:\/\/deptest.nj.gov\/greenacres\/wp-json\/wp\/v2\/comments?post=906"}],"version-history":[{"count":9,"href":"https:\/\/deptest.nj.gov\/greenacres\/wp-json\/wp\/v2\/pages\/906\/revisions"}],"predecessor-version":[{"id":6731,"href":"https:\/\/deptest.nj.gov\/greenacres\/wp-json\/wp\/v2\/pages\/906\/revisions\/6731"}],"wp:attachment":[{"href":"https:\/\/deptest.nj.gov\/greenacres\/wp-json\/wp\/v2\/media?parent=906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Autumn](\"https:\/\/deptest.nj.gov\/greenacres\/wp-content\/uploads\/sites\/28\/images\/enjoy-green-acres-images\/2-a-fall-walk-tyler-hechtle-225x300.jpg\")
What is an appraisal?<\/strong>
\nAn appraisal is the \u201cact or process of developing an opinion of value\u201d.
\n\u2013 The Dictionary of Real Estate Appraisal (7th ed.) (2022)<\/em><\/p>\n\n
\nThe appraisal profession is strictly regulated by Federal and State authorities. The generally recognized ethical and performance standards for the appraisal profession in the United States is Uniform Standards of Professional Appraisal Practice<\/em> (USPAP), which sets minimum requirements. \u00a0All other appraisal regulations, including Uniform Appraisal Standards for Federal Land Acquisitions<\/em> (UASFLA), Green Acres Appraisal Requirements<\/em> (GAAR) and Blue Acres Appraisal Requirements<\/em> (BAAR) must meet or exceed the minimum USPAP requirements.<\/p>\n
\nGreen Acres closely guides \u00a0local and nonprofit partners in obtaining appraisal reports that meet the various regulatory requirements by vetting and approving certified general appraisers.\u00a0 We maintain a list of “Approved Appraisers” who can provide our local and nonprofit funding recipients with professional appraisal services.\u00a0 These independent appraisal professionals are hired by local governments and nonprofits to prepare independent opinions of value for the various appraisal purposes as required by the NJDEP and\/or our partners. For these types of projects, Green Acres is an Intended User.<\/p>\n
\nGreen Acres also has a list of Contract Appraisers who provide appraisal services directly to the State. These appraisers are approved and retained for a specific period by the Department of Treasury through an application process. Contracted Appraisers are responsible vendors (bidders) whose qualifications have met the minimum criteria. These appraisers are awarded projects through a competitive bidding process. For this type of project, Green Acres is the client.<\/p>\n
\nAll other State projects where Green Acres is an intended user must conform with the most recent GAAR.<\/p>\n
\nGreen Acres appraisal staff reviews submitted appraisal reports to ensure that they meet the specific minimum requirements for a given project. If a submission meets the project-specific minimum requirements, the Appraisal Section will issue a certification of market value or rent.<\/p>\n\n
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\nNOTE: Appraisers approved by Green Acres MUST inspect the premises for local government and nonprofit acquisition projects.<\/li>\n\n
\nFax: (609) 984-0608<\/p>\n<\/blockquote>\n