FAA4.D Other Assets (OTAS) : 03 Other Asset Types : K Real Property : .01 Real Property - Current Market Value (CMV)
Real Property - Current Market Value (CMV)
(10/01/11 - 12/31/11)
The Current Market Value (CMV (g)) for real property is the amount the property is worth on the current market. The CMV of real property is the assessed value (g), as indicated on the Notice of Value issued from the County Assessor, not the full cash value. Consider the following when determining the CMV:
The Notice of Value must be for the current year.
Do not make adjustments to increase or decrease the value.