RockSpringCluB-Hendricks Appraisal.pdf

ASSESSED VALUATION Block 46.01, Lot 22 Land $ 182,000.00 Improvement $000,000.00 Total $ 182,000.00 Block 160, Lot 10 Land $10,124,600.00 Improvement $ 2,467.400.00 Total $12,592,000.00 Block 160, Lot 2 Land $ 1,000.00 Improvement $ 0,000.00 Total $ 1,000.00 Block 160.01, Lot 30 Land $ 1,210,000.00 Improvement $ 500,000.00 Total $ 1,710,000.00 Block 160.01, Lot 34 Aqgaregate Assessment Land $ 15,000.00 Land $11,532,600.00 Improvement $ 00,000.00 Improvement $ 2,967.400.00 Total $ 15,000.00 Total $14,500,000.00 2018 Tax Rate: $4.038 Per One Hundred Dollars of Assessed Value 2018 Real Estate Taxes: $585,510.00 The Township of West Orange had an equalization ratio of 87.74% for the Tax Year 2019 (as of October 1, 2018). Based on the assessed valuation included above, the subject property had an equalized value of $16,526, 100.00 for Tax Year 2019. DELINEATION OF TITLE Based on a review of public-municipal records, there has been no recent arms length conveyance or transaction involving the subject property. However, the most recent transfer of title in connection with the merger of Montclair Golf Club with Rock Spring Golf Club was found and is detailed as follows: Rock Spring Club a/k/a Rock Spring Club, inc. to Montclair Golf Club. Deed dated October 30, 2018. Consideration reported - $1.00. Recorded in Essex County Deed Book 20180, Page 96847. - 51 - [tT ] REAL ESTATE APPRAISALS a & RESEARCH