Are there New Jersey rules beyond the IRS requirements for donated property?
No. New Jersey conforms to the federal charitable donation framework without adding state requirements, so the controlling numbers are federal: Form 8283 above $500, a qualified appraisal and Section B above $5,000, an attached appraisal for art at $20,000 or more, and the full report above $500,000.
Does New Jersey's charitable fund property tax credit change donation appraisal rules?
No. Under N.J.A.C. 5:30-18.5, 90 percent of a contribution to a municipal or county charitable fund can be credited against the donor's property tax obligation, but the program operates on the property tax side and leaves federal appraisal and substantiation duties for donated property untouched.
Who values property for New Jersey inheritance tax versus a charitable donation?
The state versus your own appraiser. For transfer inheritance and estate tax, appraisals of tangible personal property are made by Division of Taxation representatives, who may require expert support from brokers or dealers. For a charitable deduction, you engage an independent qualified appraiser under IRS rules; the state plays no role.
Does New Jersey use the same value standard as the IRS for donated property?
Not quite. New Jersey's transfer inheritance and estate tax appraises property at its clear market value as of the date of death under N.J.A.C. 18:26-8.8, while a federal charitable deduction turns on fair market value at the date of donation. Different standard names, different valuation dates. Property that passed through a New Jersey estate therefore usually needs a fresh appraisal before it is donated, because the inheritance tax figure answers a different question.