What is a Full and Fair Value?

What is a Full and Fair Value?

It is the value (price) at which a property would theoretically sell for in a fair and bona fide sale, on October 1st of the previous year. Example: Assessments for the 2014 tax year would be based upon the assessor’s opinion of value on October 1st, 2013.

2016-04-19T15:46:56+00:00
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