special use valuation

noun

: a method of valuation allowed under the Internal Revenue Code in calculating estate taxes on farm property or on real property used in a closely held business in which the property is valued on the basis of its current use rather than at the market value for its highest and best use

Dictionary Entries Near special use valuation

Cite this Entry

“Special use valuation.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/special%20use%20valuation. Accessed 29 Mar. 2023.

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