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2. Fair market value: What it is, how it’s calculated - AOL

   www.aol.com/finance/fair-market-value-calculated...

   Real estate agents use fair market value to help determine pricing. ... a third-car garage bay may be valued around $5,000 to $7,000 and a full bath may be worth $5,000 to $7,000,” Ameer says ...

3. Fair market value - Wikipedia

   en.wikipedia.org/wiki/Fair_market_value

   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.

4. Market value - Wikipedia

   en.wikipedia.org/wiki/Market_value

   Market value or OMV (Open Market Valuation) is the price at which an asset would trade in a competitive auction setting.Market value is often used interchangeably with open market value, fair value or fair market value, although these terms have distinct definitions in different standards, and differ in some circumstances.

5. Fair value - Wikipedia

   en.wikipedia.org/wiki/Fair_value

   Fair value simply equals market value on the measurement date (see level one fair value below). Determining fair value for an item (initially) sold on a market but not (subsequently) traded on an active market (a car, truck, machine, computer, dishwasher, etc.) is more difficult as it requires assessing not only the item's specifications, age ...

6. How to calculate your home equity — and how much of it you ...

   www.aol.com/finance/calculate-home-equity...

   Say you paid $410,000 for your house when you bought it, but its fair market value has since increased to $440,000. That’s an additional $30,000 in your home equity stake.

7. Property tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Property_tax_in_the_United...

   Tax assessors for taxing jurisdictions determine property values in a variety of ways, but are generally required to base such determinations on fair market value. [12] Fair market value is that price for a willing and informed seller would sell the property to a willing and informed buyer, neither being under any compulsion to act. Where a ...