Just Market Value Vs. Fair Market Value?
What's the difference between "Just Market Value" and "Fair Market Value"? Is there a difference or this is just a case of same meaning, different terms?
I was looking on a county appraiser website, researching property and the Just Market Value seemed lower than I had expected. Is Just Market Value usually lower than what houses go for?
*disclaimer, i'm a newbie, in case it weren't obvious
I haven't heard 'just market value' used in an appraisal context. Coud it be an abbreviation for justified market value?
Just a point to ad.
In my area if you use the term "fair market value" you will get snickered about behind your back amongst investors. They seem to have more respect for the term "True market value" or TMV. I dont why, maybe some of you could ad some input as to why this might be???
update, i got a definitation of just market value: This is the value established by the Property Appraiser for ad valorem purposes. This value does not represent anticipated selling price
You found an answer to your question. Right on. Thats actually very important info. Not to long ago ,I had no idea that the 2 weren't the same , or that it wasn't the possible selling price. Or even the assesed www.value.They are all different, but sometimes can be close to the same amount.