Determining Fair Market Value Part I
International Society of Appraisers
MAY 13, 2025
Appraisers must exercise professional judgment, supported by credible data and sound methodology, to determine FMV. ” 26 CFR §20.2031-1(b) expands upon this definition with “ the fair market value of a particular item of property… is not to be determined by a forced sale. Sales of comparable properties 3.
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