Sentences with phrase «assessed at fair market value»

Otherwise, if a claim is made, it will be assessed at fair market value.

This includes cash, securities, insurance, business interests, property assessed at fair market value (not the original value or the purchase price), real estate, annuities, trusts, etc..

The goal is to assess them at fair market value so all property owners are paying their share of county and school district taxes.

Not exact matches

David Clifford, the city's assessment commissioner, said he assessed the property at its fair market value, as he would any property.

Margin of safety and the quest for bargains It was mentioned in part I that upon thorough analysis one should be able to assess a business» intrinsic value, or fair value, the price a security should be trading at as so forth the market was governed exclusively by intelligent buyers and sellers.

Provides that agricultural land utilized to grow industrial hemp shall qualify for the minimum dedication period and be assessed at the lowest percentage of fair market value.

Attendance at the Thursday meetings is conditioned on signing their agreement which specifies that you'd give a 3 % commission on the estimated FMV (Fair Market Value) or Tax Assessed Value.

While property used for mineral production (mines, quarries and so on) is assessed at 100 % of its fair market value, and industrial property at 11.5 %, residential property is assessed at just 9.5 % of its fair market value.

State law sets assessed value at 10 percent of fair market value on land and improvements classified as residential property and 15 percent those listed as commercial property.

Although the assessed value may be an indicator of relative market value (as when comparing the assessed values of similar properties), actual fair - market value may be considerably higher or lower than the assessed value at any given point in time.