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The fair market value of property is the price at which it would change hands between a willing and informed buyer and seller. The term is used throughout the Internal Revenue Code , as well as in bankruptcy laws, in many state laws, and by several regulatory bodies.
Rental value is the fair market value of property while rented out in a lease. More generally, it may be the consideration paid under the lease for the right to occupy, or the royalties or return received by a lessor ( landlord ) under a license to real property . [ 1 ]
In real estate, a home’s fair market value is the price that a willing buyer would pay a willing seller for the home in an open market, without current supply and demand conditions being present ...
A "valuer" is an individual or professional who is trained and qualified to determine the value of assets, typically real estate or personal property, for various purposes. Valuers assess the worth or fair market value of these assets based on their knowledge, expertise, and analysis of relevant data.
The Bolton Fair was founded in Bolton in 1874 as an agricultural fair, but the fairgrounds were later moved to nearby Lancaster in 2004 where it is still held annually. [ 16 ] In the 1920s Bolton was used as a setting and mentioned a number of times in H.P. Lovecraft 's fiction: as a setting in his Herbert West—Reanimator , and also mentioned ...
The "view tax" referred to an impetus in the New Hampshire legislature in 2005 to increase the property tax rate on property with a “pleasing view.” House Bill 245 would not have imposed a tax, but merely would have set up a committee of six legislators to “study the processes for valuing water frontage and views of scenic areas”. [2]
Market value is the most commonly used type of value in real estate appraisal in the United States because it is required for all federally regulated mortgage transactions, and because it has been accepted by US courts as valid. However, real estate appraisers use many other definitions of value in other situations. [5]
A Massachusetts woman discovered the value of her home had dropped due to its proximity to a ... Commercial real estate has beaten the stock market for 25 years — but only the super rich could ...