3.1.1 Asia-Pacific Paints and Coatings
Market Value Forecast
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).
(Page 145) Please know,
market value and fair
market value are synonymous terms.
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.
A three-bed Liversedge house with a
market value of PS115,00 was sold for PS43,700 - a discount of PS71,300.
(ii) the FBR rate as percentage of fair
market value was higher when compared with a similar comparable location.
2.1 Storage Tanks Construction Output: Historic
Market ValueWhile the real
market value can fluctuate with the economy, the maximum assessed values that determine how much a property owner pays in taxes can increase by a maximum of only 3 percent per year, unless there are changes to the property.
The remaining
Market Value growth was due to other changes, including new construction and physical improvements.
The
market value growth was doubled by 82 percent during this period to get closer of Kuwait Stock Exchange (KSE), and would compete it on the second rank of Stock exchanges with highest
market values among the GCC countries.
It is easy to identify fair
market value when an actual arm's-length sale or transaction occurs between willing and able buyers and sellers.