fair market value
noun
: a price at which buyers and sellers with a reasonable knowledge of pertinent facts and not acting under any compulsion are willing to do business
Examples of fair market value in a Sentence
Recent Examples on the Web
But 40 Wall’s lease contains a clause that says the rent will periodically reset to reflect the land’s fair market value, as defined by a formula that is very favorable to the ground owners, given the extraordinary increase in Manhattan land prices over the past few decades.
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Paula Aceves, Curbed, 31 Oct. 2024
This can include debris removal and pruning or replanting vegetation to restore the property’s pre-disaster fair market value.
—Raul Elizalde, Forbes, 21 Oct. 2024
What: Facilities referendum How much: $89.1 million Tax impact: An additional 24 cents per $1,000 of fair market value.
—Alec Johnson, Journal Sentinel, 15 Oct. 2024
Not uncommon for projects in the south suburbs, the Class 8 designation would reduce the property tax assessment level for the property to 10% of fair market value, or the same assessment level for residential properties.
—Mike Nolan, Chicago Tribune, 10 Oct. 2024
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Paula Aceves, Curbed, 31 Oct. 2024
This can include debris removal and pruning or replanting vegetation to restore the property’s pre-disaster fair market value.
—Raul Elizalde, Forbes, 21 Oct. 2024
What: Facilities referendum How much: $89.1 million Tax impact: An additional 24 cents per $1,000 of fair market value.
—Alec Johnson, Journal Sentinel, 15 Oct. 2024
Not uncommon for projects in the south suburbs, the Class 8 designation would reduce the property tax assessment level for the property to 10% of fair market value, or the same assessment level for residential properties.
—Mike Nolan, Chicago Tribune, 10 Oct. 2024
See all Example Sentences for fair market value
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“Fair market value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fair%20market%20value. Accessed 22 Nov. 2024.
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