Quote:
Originally Posted by MAXUM
Since there seems to be some confusion as to what value a property's assessed value should be....
As defined by the state:
Rev 901.11 “Fair market value” means the price property would command if:
(a) Sold by a seller who is willing, but not compelled, to sell; and
(b) Purchased by a purchaser who is willing, but not compelled, to purchase.
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The above is supposedly the law ....... but reality is below
