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What is Full Cash Value?

April 26, 2017cash value

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What is Full Cash Value?

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Full cash value, also known as “market value” or “fair market value,” means the amount of cash or its equivalent which property would bring if exposed for sale in the open market.

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Full Cash Value (FCV) is a reflection of the market value of your property and consists of land and improvements. The FCV is used to compute secondary taxes, which may consist of bonds, budget overrides, and special districts such as fire, flood control, and other limited purpose districts.