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

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

   A home's fair market value is, in a nutshell, the price that a buyer would pay a seller in an open market. Many factors go into determining it, including location, size, age, condition and the ...

3. 8 home value estimator websites compared - AOL

   www.aol.com/finance/8-home-value-estimator...

   One of the most difficult aspects of the real estate market is estimating the value of a home. With local market conditions changing all the time, it can be hard to accurately price a property. In ...

4. 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 ...

5. I Inherited Property. How Can I Tell Its Fair Market Value? - AOL

   www.aol.com/inherited-property-tell-fair-market...

   Inheriting property, whether expected or unexpected, can raise some questions about what to do with it and what it's worth. Specifically, you'll need to know the property's fair market value (FMV ...

6. 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 ... 93 S. Ct. 1713, 1716-17, 36 L. Ed. 2d 528, 73-1 U.S. Tax Cas. ...

7. Ad valorem tax - Wikipedia

   en.wikipedia.org/wiki/Ad_valorem_tax

   Generally, starting from January 1 of each year, the tax assessment used to determine ad valorem taxes is calculated. Ad valorem tax as a percentage of the value of the assessed property, usually the fair market value of the property. Fair market price refers to the estimated selling price of the property.

8. Property tax - Wikipedia

   en.wikipedia.org/wiki/Property_tax

   These are two distinct forms of taxation: one (ad valorem tax) relies upon the fair market value of the property. The other (special assessment) relies upon a special enhancement called a "benefit" for its justification. The property tax rate is typically given as a percentage.

9. Who pays closing costs, the buyer or the seller? - AOL

   www.aol.com/finance/pays-closing-costs-buyer...

   Home appraisal: Lenders will also require a home appraisal, which is an independent professional’s estimate of the home’s fair market value. This reduces their risk by confirming that the home ...