Estate and Date-of-Death Appraisals
Hudson County estates are probated through the Hudson County Surrogate's Court, in the Hudson County Administration Building at 595 Newark Avenue, 4th Floor, Room 407, Jersey City (NJ Courts). Executors typically need a date-of-death value for three reasons: to report stepped-up basis to the IRS, to divide property fairly among heirs, and to support a sale or buyout.
Our estate and date-of-death appraisals are retrospective. We value the property as it stood on the date of death, using sales from that period rather than today's market. For a Hudson County condo, that also means comparing sales in the same building or directly competing buildings from the same period.