Condition Market Value Tax Liabilities 
International Society of Appraisers
MAY 13, 2025
5/22/2025 12:00:00 AM Fair market value (FMV) is foundational in Canadian personal property appraisals prepared for charitable donations, estate administration, and cultural property certification applications. This means a consistently achieved market price, not an unusually high one-off sale. The Income Tax Act (Canada), s.
International Society of Appraisers
MARCH 14, 2025
Q: In a damage claim, what's the most common marketplace for determining the fair market value of diamond jewelry? Is it the orderly liquidation market, retail market, retail replacement market? The definition may vary slightly from federal government definitions used to determine tax liabilities.
Prime Appraisals
DECEMBER 5, 2023
Whether you believe your property has been over assessed or you want to explore avenues for lowering your tax liability, understanding the appeal process and building a strong case is essential. Assessors consider various factors such as property size, location, condition, and recent sales of comparable properties.
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