market value

Forum|Forum|2 years ago
June 30, 2023
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Can you add Market value total + Market Value Land + Market value improvements to get a market value for a property?

Mike9241

For what purpose and what are the facts.? It could be the sum of the value of the parts could be different than the value of the whole.

examples. T may own 100% of an asset and them makes a gift of 5% of his interest to a Y with restrictions on the ability of Y to sell their interest. that 5% could legitimately be claimed as being worth less than 5% of the whole.

a condemned building on land could make the property worth less than the land because of the cost of removing the structure.

morgannaomijoshuaAuthor

Well I’m looking on a tax site at a property, and it’s stating assessed value, which I know is for tax purposes. But I’m seeing a market value total, a market value land, and a market value improvements. I wasn’t sure if you add those up to determine value