Definitions & Methods
Definitions & Methods
Definitions & Methods
Definitions of Value (click to print)
- Fair Market Value (FMV)
- Fair Market Value – Continued Use
- Fair Market Value – Installed
- Fair Market Value – Removal
- Fair Value
- Orderly Liquidation Value (OLV)
- Liquidation Value in Place
- Forced Liquidation Value (FLV)
- Replacement Cost New
- Reproduction Cost New
- Salvage Value
- Scrap Value
Methods
Methods (click to print)
- Market Approach
- Cost Approach
- Income Method