fair market value
noun
: a price at which buyers and sellers with a reasonable knowledge of pertinent facts and not acting under any compulsion are willing to do business
Examples of fair market value in a Sentence
Recent Examples on the Web
Healey targets complimentary hotel rooms, synthetic nicotine In a move aimed at the hospitality industry, the Healey administration wants to impose the room occupancy excise tax on the fair market value of complimentary hotel rooms.
—
Chris Van Buskirk, Boston Herald, 23 Jan. 2025
In such a case, the attorney general’s office says landlords can’t charge more than 160% of fair market value as determined by the U.S. Dept. of Housing and Urban Development.
—Andrew Khouri, Los Angeles Times, 9 Jan. 2025
If your property is personal-use property or is not entirely destroyed, the amount of your loss is the lesser of your adjusted basis or the decrease in the fair market value of your property because of the damage.
—Kelly Phillips Erb, Forbes, 15 Jan. 2025
The owner of a home with a fair market value of $400,000 would pay an additional $96 annually in school taxes.
—Alec Johnson, Journal Sentinel, 31 Dec. 2024
See all Example Sentences for fair market value 
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
Chris Van Buskirk, Boston Herald, 23 Jan. 2025
In such a case, the attorney general’s office says landlords can’t charge more than 160% of fair market value as determined by the U.S. Dept. of Housing and Urban Development.
—Andrew Khouri, Los Angeles Times, 9 Jan. 2025
If your property is personal-use property or is not entirely destroyed, the amount of your loss is the lesser of your adjusted basis or the decrease in the fair market value of your property because of the damage.
—Kelly Phillips Erb, Forbes, 15 Jan. 2025
The owner of a home with a fair market value of $400,000 would pay an additional $96 annually in school taxes.
—Alec Johnson, Journal Sentinel, 31 Dec. 2024
See all Example Sentences for fair market value
Dictionary Entries Near fair market value
Cite this Entry
“Fair market value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fair%20market%20value. Accessed 2 Feb. 2025.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share