What does "Fair Market Value" mean?
Market value is the price which a property would bring after a reasonable exposure to the market, where both a knowledgeable buyer and knowledgeable seller are willing to buy and sell, and are not acting under compulsion or duress. In other words a seller who was not forced to sell or a buyer who was not forced to buy such as in the case of estate, divorce, or foreclosure sales.

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1. What does "Fair Market Value" mean?
2. If I do not agree with my property assessment, can I file an appeal?
3. Can I review my property assessment and how it was arrived at?
4. Can my assessment change if I haven't done anything to my property?
5. What will happen to my assessment if I improve my property?