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Determining Fair Market Value Part I

International Society of Appraisers

5/13/2025 12:00:00 AM Determining fair market value (FMV) can be a complex process, as it is highly dependent on the specific facts and circumstances surrounding each appraisal assignment. IRS Publication 561, Determining the Value of Donated Property , is the best starting point for guidance on determining fair market value.

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How to Sell Your Jewelry for the Best Market Value

Buckhead Jewelry Appraisers

Nevertheless, it is a must that you get the most out of your jewelry value. Jewelry market value (market price or market value of a piece of jewelry) refers to the estimated worth of your jewelry. In this guide, we will delve into how to sell your jewelry for the best market value.

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Part II: Understanding and Determining Fair Market Value in Canadian Appraisals

International Society of Appraisers

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.

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Why Accurate Appraisals Matter in the New Year

Penrose Appraisals

In any case, be sure you keep proper documentation (including a copy of the appraisal report) in order to avoid audits or, worse, penalties. This can bring peace of mind that comes with knowing the fair market value of personal property, especially family heirlooms or collectibles.

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How To Determine If You Need An Art Appraisal

Art Appraisal Resources

An appraisal helps establish the artwork's current market value and ensures that you have the necessary documentation in case of loss, theft, or damage. On the other hand, buyers can benefit from an assessment to ensure they pay a fair price for the artwork's value.

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4 Reasons to Get an Estate Appraisal – Ray from ValuePros

ValuePros Appraisal Services

In both situations, you need an independent expert who knows how to properly document fair market value. A professional estate appraisal gives you the real market value so you can make informed decisions, choose the right selling channel, and avoid underpricing valuable items.

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Valuing and Substantiating Charitable Art Contributions

Art Appraisal Resources

When individuals or businesses donate assets such as property, artwork, or any other item of value to a charitable organization, they may be eligible to claim a tax deduction for the fair market value of the donated item. When is a Charitable Contribution Appraisal Required?