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What is a “market value”?

April 26, 2017market value

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What is a “market value”?

2 Answers

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Market value is the price consumers are willing to pay for a ticket to a specific event. Sometimes it is less than the price printed on the ticket and sometimes it is more.

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In some counties, the county or local taxing/assessment authority establishes a market value for taxing purposes. The market value may be set by evaluating the sales prices of similar properties in the area either via a site inspected appraisal or automated means. For precise information about the calculation of a market value, please contact the local taxing/assessment authority.