market value

[morgannaomijoshua]

Can you add Market value total + Market Value Land + Market value improvements to get a market value for a property?

[Mike9241]

For what purpose and what are the facts.? It could be the sum of the value of the parts could be different than the value of the whole. 

examples. T may own 100% of an asset and them makes a gift of 5% of his interest to a Y with restrictions on the ability of Y to sell their interest. that 5% could legitimately be claimed as being worth less than 5% of the whole.

a condemned building on land could make the property worth less than the land because of the cost of removing the structure.

[morgannaomijoshua]

Well I’m looking on a tax site at a property, and it’s stating assessed value, which I know is for tax purposes.  But I’m seeing a market value total, a market value land, and a market value improvements. I wasn’t sure if you add those up to determine value

[Critter-3]

Once again ... why are you trying to make these calcualtions ?  

[Carl]

For what purpose do you need a market value of real estate? It plays no part on a tax return really. The only way I can think of at the moment where market value comes into play, is if you inherited property.

Also, what the tax appraiser values property at for any reason (be it tax value, market value, or something else) really doesn't come into play for anything either when it comes to your income taxes.