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May 12, 2024
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Fair Market Value (FMV) on the date of death for inherited house in China

  • May 12, 2024
  • 2 replies
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How do I get the Fair Market Value (FMV) on the date of death for inherited house in China?

Chine doesn't pay property tax so there is no government tax assessment. 

    Best answer by rjs

    In the United States you would hire a professional appraiser to determine the fair market value. There is probably a similar service available in China. A local real estate agent can probably recommend an appraiser.

     

    2 replies

    May 13, 2024

    FMV can vary based on market conditions, location, and other factors. Consulting local experts or real estate professionals in China can provide more accurate insights. 

    rjs
    rjsAnswer
    Employee
    May 13, 2024

    In the United States you would hire a professional appraiser to determine the fair market value. There is probably a similar service available in China. A local real estate agent can probably recommend an appraiser.