Topic: fair market value is the price property will bring when off… · Go Syfert
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Topic #23939

3 canonical passages across 2 cases, quoted by 17 opinions in total. These passages cluster together because the same opinions keep quoting them side by side: they state parts of one doctrine. The anchor passage is from Robinson v. Commonwealth.

#Case FlagCanonical passage Citers
1 Robinson v. Commonwealth Anchor
va · 1999
green “fair market value is the price property will bring when offered for sale by a seller who desires but is not obliged to sell and bought by a buyer under no necessity of purchasing.” 7
2 Dunn v. Commonwealth
va · 1981
green “while the original purchase price of an item may be admitted as evidence of its current value, there must also be 'due allowance for elements of depreciation.” 7
3 Dunn v. Commonwealth
va · 1981
green “due allowance for elements of depreciation.” 3

A red or yellow flag on a member means the underlying case has negative treatment: for those, check the case page before relying on the passage.

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