In Full Market Value?

What is meant by value, full value, fair market value, or full market value? They all have the same meaning for assessment purposes. It is simply defined as the price a willing buyer would pay a willing seller in an arm length transaction.

What does purchase at full market value mean?

Short Answer: We generally consider that the “full market value” of the property is the price you'd achieve in a traditional sale with a local estate agent sale lasting around 6 months. "Discount to market value" basically means an amount less than that.

How is full market value determined?

Unfortunately, there is no easy or universal way to determine market value for real estate. However, nearly every market valuation comes down to two factors: real estate appraisals and recent comparable sales.