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2. Market value - Wikipedia

   en.wikipedia.org/wiki/Market_value

   Market value or OMV (Open Market Valuation) (Arabic: قيمة سوقية) 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.

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

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

   Fair market value is usually determined by taking the average of three or more comparable homes. It helps both buyers and sellers get a sense of how much home is worth. Real estate agents ...

4. Fair market value - Wikipedia

   en.wikipedia.org/wiki/Fair_market_value

   The fair market value is the price at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts. United States v. Cartwright, 411 U. S. 546, 93 S. Ct. 1713, 1716-17, 36 L. Ed. 2d 528, 73-1 U.S. Tax Cas.

5. Property tax in the United States - Wikipedia

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

   t. e. Median household income and taxes. Most local governments in the United States impose a property tax, also known as a millage rate, as a principal source of revenue. [1] This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio ...

6. 5 Housing Markets That Will Plummet in Value Before the End ...

   www.aol.com/finance/5-housing-markets-plummet...

   Boise, Idaho. Median home price: $490,000 Median home price change (year-over-year): +3.2% Average time on the market: 29 days Like Phoenix, Boise has seen a price hike in recent years.

7. Highest and best use - Wikipedia

   en.wikipedia.org/wiki/Highest_and_best_use

   The highest and best use of the site is to demolish the house and sell the site as a commercial lot. The market value would be $225,000 ($250,000 site value minus $25,000 demolition cost). However, if the demolition costs rose to $55,000, the highest and best use would be the existing residential use, because the value as a commercial lot (now ...