Estate and Date-of-Death Appraisals
Salem County estates are handled by the Salem County Surrogate at the Salem County Courthouse, 92 Market Street, Suite A122, Salem, by appointment (Salem County Surrogate). Executors often 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. That includes family farms passed between generations.
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.