Recent Examples of fair market value from the Web
The tax would value her stocks, bonds, and property as the price on the day before her official exit and impose levies on them based on fair market value.
Mike's father just died and left him and his two sisters an inheritance — the father's home, which had a fair market value of $120,000.
The Internal Revenue Service has ruled charities cannot give donor lists to politicians but can rent them at fair market value if made available to all candidates.
Some of the companies that pay below market rates [set under the Copyright Act] are now established and should pay a fair market value.
Homeowners will be paid fair market value or about $128,000 for each house, on average.
Mount Pleasant now will offer 40% more than fair market value — as determined by the homeowners’ appraisers.
State law requires governments to pay fair market value when exercising eminent domain.
Louisiana law requires parish assessors to re-evaluate all property every four years to reflect changes in fair market value.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'fair market value.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of FAIR MARKET VALUE
What It Is
Fair market value is the price at which a willing seller sells a good or service to a willing buyer.
How It Works
Let's assume John Doe wants to sell his house. He lists it for $750,000. Jane Dale wants to buy a house. She sees John's house for sale and offers him $675,000. The two negotiate the price and agree on $700,000. Because it is the price John and Jane agree to, the fair market value of the house is $700,000.
fair market value
legal Definition of fair market value
Learn More about fair market value
Britannica.com: Encyclopedia article about fair market value
Seen and Heard
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