true cash value


The market value of a property as determined by the amount a willing buyer would pay to a willing seller under normal negotiating conditions. Only those factors that can reasonably be expected to affect the outcome of a negotiated price can be considered in arriving at the true cash value. Also called the usual selling price which is distinct from the actual selling price of a property.

Related Videos

Have a question about true cash value? Ask for help in the
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z