Fair market value is the level that the marginal seller is willing to part with their goods. People who aren’t selling obviously value their goods at a higher value than that, or they would already be selling them.

The government calculated figure will be the lowest value that similar homeowners would accept at that point in time.

impish9208 · 1h ago

Gift link: https://www.wsj.com/real-estate/cape-cod-sagamore-bridge-emi...

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