Question:

What is market value?

by Guest740  |  8 years, 7 month(s) ago

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What is market value?

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  1. Guest740

     Market value is the most probable price that a property would sell for on the open market as of a given date. An assessor reviews and measures the real estate market on July 1, 2012 to establish typical market rates. Your property assessment is based on the real estate conditions as of July 1 of the previous year and the physical characteristics and condition of your property as of December 31 of the previous year.

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