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Annual Report for Niagara Frontier Transportation Authority Date: 07/10/2023 Status: CERTIFIED Date:06/30/2023Fiscal Year Ending: 03/31/2023 Real Property Acquisition/Disposal List 1. Address Line1
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How to fill out estimated fair market value

01
Research comparable properties in the same area to get an idea of market trends.
02
Use an online tool or hire a professional appraiser to help determine the value.
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Consider the condition of the property, any upgrades or renovations done, and its location.
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Fill out the estimated fair market value form with the determined value based on your research and findings.

Who needs estimated fair market value?

01
Real estate agents who are pricing a property for sale.
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Homeowners who are looking to refinance their mortgage.
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Property owners who are planning to appeal their property taxes.
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Estimated fair market value is an approximate value that a property is expected to sell for in the current market conditions.
Property owners are required to file the estimated fair market value of their property with the relevant authorities.
To fill out the estimated fair market value, property owners must collect relevant information about their property, such as location, size, condition, and recent sales data.
The purpose of estimated fair market value is to determine the value of a property for tax assessment purposes.
Property owners must report details about their property, such as address, size, condition, recent sales data, and any improvements made to the property.
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