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New Jersey Appraisal FAQ
Answers to the questions attorneys, executors and homeowners ask most about divorce, estate, tax appeal and commercial appraisals in New Jersey.
How much does an appraisal cost in New Jersey?
Most residential appraisals (single-family homes, condos and 2–4 family) run $600–$900, depending on the property and the assignment. Commercial and industrial appraisals start at $1,750. Call (732) 638-0442 or send the property details for an exact quote the same business day.
How long does an appraisal take?
The written report is usually delivered within two weeks of the inspection, once we have the property information.
Can you appraise a property as of a past date?
Yes. Retrospective values (the date of death, the complaint date in a divorce, or October 1 of the pre-tax year for a tax appeal) are a routine part of our work.
Do both spouses need to be at the inspection?
No. One party can provide access, and we keep both attorneys informed before and after the inspection.
Who pays when both sides use one appraiser?
Often the parties split the fee, as the court order or the attorneys direct.
Will the appraiser testify?
Yes. We provide expert testimony when a case goes to trial.
What should I have ready for the inspection?
Recent renovations and permits, a survey, repair estimates, and anything you think affects value, good or bad.
What areas do you cover?
All 21 New Jersey counties. Most of our work is in Monmouth, Middlesex and Ocean counties.
Do you appraise commercial and industrial property?
Yes: retail, office, industrial, mixed-use, multi-family and special-purpose property, by an NJ State Certified General appraiser.
What is a date-of-death appraisal?
The market value of a property on the date the owner died, used for estate settlement, the NJ inheritance tax return and stepped-up basis.