Property Valuation
In NJ, a 'retrospective appraisal' values property as of a past date. This is often needed for:
ANew construction financing
BEstate planning/settlement, tax appeals, divorce proceedings, or litigation requiring value as of a specific historical date✓ Correct
CCurrent purchase transactions only
DMunicipal tax assessments
Explanation
Retrospective appraisals determine value as of a specific date in the past. They are needed for estate administration (valuing property at date of death), tax appeals, divorce proceedings, condemnation cases, and litigation.
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