The legislative body explained that, in 2016, Bautista requested in a letter for the immediate update of fair market values
of real properties in Quezon City following directives sent by the Department of Interior and Local Government (DILG) and the Department of Finance (DOF).
Even assuming that taxpayer met his burden of proof that the county assessment was not arrived at in accordance with generally accepted appraisal practices, or that the taxpayer need only prove that the property in question is valued at more than its fair market value
, the court found that the presumption of the correctness of the county's assessment was not overcome.
The fair market value
standard of value actually requires a minimum of two valuation indications, which create a simple range of values.
The final regulations provide a method for taxpayers who cannot find a comparable contract to use in coming up with an annuity's fair market value
, officials write.
Carroll and Conrad Janis appealed to the Second and Ninth circuits, respectively They argued that policies motivating the application of the blockage discount to determine the fair market value
of estate assets do not justify using the same market value when the asset is sold.
Brown owns Property B at the time of his death, the basis of the asset would "step up" to the fair market value
of Property B as of the time of Mr.
* No options may ever be granted or modified with an exercise price less than the fair market value
(FMV) as of the grant date (32);
In this heavy-duty application an FMV (fair market value
) lease can be very beneficial depending on how it is structured.
(a) three properties, without regard to the fair market values
of those properties (the "3-property rule"); or (b) any number of properties as long as their aggregate fair market value
as of the end of the identification period does not exceed 200 percent of the aggregate fair market value
of all the relinquished properties as of the date the relinquished properties were transferred by the taxpayer (the "200-percent rule").
New PTMS real property features enable corporate tax departments to establish the fair market value
of their property, manage appeals, track the productivity of their property tax consultants, create and accrue tax estimates and process their property tax bills.
Apparently, the moratorium was meant to restrict maintenance on the subject properties so that whenever the time came for eminent domain to be exercised to build the dam, the government could apply their "fair market value
" rule and take the properties for low-ball amounts.