Solar photovoltaic system installations are continuing to increase as the price becomes more feasible in the many markets. Appraisers will find the valuation a challenge without knowledge of the technology and data available to use the methodology most appropriate. Appraisers must expand their knowledge base to understand how electricity is priced, how solar PV is priced, and how solar PV functions to develop a credible value. If you are seeking education that will hone your skills or teach you new ones, this is the course for you. Residential and commercial appraisers will work together to apply an income capitalization approach and cost approach to valuing energy produced for solar PV systems. All you need is a tablet or iPad, with Internet access, and you’ll be able to use free software to value the energy that solar systems produce.
Trends Affecting Our Local Appraisal/Assessing Industry
Sponsored by the Southern NJ Chapter of the Appraisal Institute
REGISTRATION DEADLINE: April 12th
2:30 PM Registration begins
3:00 – 5:00 PM
Various Assessing Topics
Presented by Richard J. Carabelli, Jr, MAI, CTA, Martin Appraisal Associates, Inc. & Mercer County Board of Taxation, President and Commissioner and Cliff Moore, Monmouth County Board of Taxation, President and Commissioner
Current State of Abatement
Presented by Carlo Batts, MAI, Rittenhouse Appraisals
5:00 – 6:45 PM
Presentation of designation certificate to Sherrie Lisa Galderisi, SRA
6:45 – 7:45 PM
A View from the Bench: Reviewing Tax Court Issues & Recent Cases
Presented by Judge Joseph M. Andresini, P.J.T.C.
** 7:45 PM SNJ Chapter of the AI Board of Directors Meeting (All are welcome!)**
Various Assessing Topics brings 2 experts of the NJ tax boards to present important information. This includes defining the tax board and noting its powers and duties. They will also review a CTB appeal/value procedures, relaxing the rules, dismissal without prejudice, the importance of USPAP and non-licensed expert witnesses. They will answer these questions: Who has standing? Can an assessor be forced to testify? What questions can a commissioner ask? The information presented will be VERY helpful to appraisers and assessors!
Current State of Abatement will review local current pending legislation which deals with the use of tax abatement. We will also discuss land use issues and the way these developments are being processed. Focus will be on current local issues and what’s to come in other municipalities.
A View from the Bench: Judge Andresini will discuss tax court issues & recent cases from across the state. His insight and experience will be a great benefit to all.
Richard J. Carabelli, Jr, MAI, CTA is president of Martin Appraisal Associates, Inc. He has experience in appraising residential properties, multi-family dwellings, commercial, industrial, income producing properties, vacant land, condemnation, and contaminated properties. He is also an expert in municipal revaluations, reassessments, compliance plans, and special assessment review. Mr. Carabelli also serves as the Mercer County Board of Taxation President and Commissioner. He is also President of the NJ Association of County Tax Boards and a member of the Tax Assessor Continuing Eligibility Board.
Cliff Moore serves as the Monmouth County Board of Taxation President and Commissioner. He also currently serves as the Economic Community Development Coordinator for the Borough of Keansurg, and is the President Emeritus of the Northern Monmouth Chamber of Commerce, where he continues to serve on the Executive Board of the chamber. He also served as the Co-Chair of the Hazlet Business Owners Association’s Economic Development Committee.
Carlo L. Batts, MAI is the Principal of Rittenhouse Appraisals; a regional commercial real estate valuation firm based in Center City Philadelphia. Carlo has been appraising commercial real estate for over ten years and has been involved in the real estate industry for over twenty years. He is licensed in NJ, PA & Delaware. Carlo’s education includes a B.S. in urban planning and real estate urban land development from Virginia Commonwealth University.
Joseph M. Andresini, P.J.T.C. took the oath of office as presiding judge on January 16, 2018. Judge Andresini began his time with the tax court in October 2009. Prior to that, he served as a Municipal Court Judge in the Borough of Haworth. He earned his Jurist Doctorate from Seton Hall School of Law in 1984.
If you’re involved in the valuation of commercial real estate, it’s crucial to know how the terms of a lease affect value. This NEW seminar goes beyond methodology to explore how to measure a property rights adjustment, the theory underlying the use of a leasehold yield rate (YLH) to value the leasehold, as well as the application of a property rights adjustment in all three approaches to value.
• How the terms of a tenant’s lease impact value—either positively or negatively
• Situations that require a valuation of a leasehold
• Methodologies in valuing a leasehold, including examples and exercises
• The impact of a leasehold in the valuation of property using all applicable approaches
• Challenges facing appraisers performing leasehold valuation assignments
The technological advances of the last 10 years have caused a significant change in the real estate appraisal profession. For example, today nearly all databases are computerized; it is imperative that appraisers easily retrieve, list, and analyze large quantities of data. During this hands-on seminar, participants will use Microsoft Excel to develop a spreadsheet skill set that includes the use of thousands of the program’s applications. By developing spreadsheet skills that report statistical analysis and provide graphic illustrations, appraisers will have additional professional skills to meet the needs of a more diversified client base.
NJ Appraiser Law, Regulations N.J.S.A. 45:14F-1, et seq. Real Estate Appraisers Act This course is required by NJ regulations every two years. Students will learn about the law itself, the regulations that pertain to the law including specific areas noted in the regulation. Provide general information about the law and regulations Provide some information about national licensing Understand how NJ State Appraisal Board works. Explore misunderstood areas of Laws and Regulations Discuss commonly found errors and issues (appraisals) Provide references sources and information for licensees.
This program is intended to review, inform & assist appraisers who practice in the state of Pennsylvania about the Real Estate Appraisers Certification Act, Chapter 26 of the Rules & Regulations, Act 48 Penalties Imposed Against Appraisers and Recently Completed Disciplinary Actions.