answersLogoWhite

0

For a car the usual reference is Kelly Blue Book. But insurance companies usually use various other sources including recent sales of similar cars in your area.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

How do you calculate Non Current Liability?

fair market value


If the fair market value of the gifted property on the date it was received is lass than the donors adjusted basis then the basis used to the calculate loss is the?

If the fair market value of the gifted property on the date it was received is less than the donor's adjusted basis, the basis used to calculate a loss upon the sale of the property is the fair market value at the time of the gift. This means that if the property is sold for less than its fair market value, the loss is calculated using that lower value rather than the donor's higher adjusted basis. Conversely, if the property is sold for more than the fair market value but less than the donor's basis, the basis for gain calculation would still be the donor's adjusted basis.


How do you calculate fair market value for date of death for bonds?

There are websites that will allow you to input the bond's CUSIP number and date, and it will tell you the value. Google "bond" "CUSIP" and "value".


The marshalls insured their home for 72000 which is 90 percent of the fair market value what is the fair market value of their home?

$80,000


How do you calculate equity in the property?

Equity is calculated by subtracting the amount still owed on the mortgage loans from the fair market value of the property.


How does the insurance calculate the fair market value for total loss vehicle?

Usually they said, they don't used KBB value estimated, and then how they calculate a fair price. NADA system is no at all exactly because has no many options that you can add to your car. What we have to do, to dealing with the Insurances shark's guys?


How can you determine the fair market value of a used bucket truck?

You can look on the internet to find the fair market value for trucks and other vehicles. You can also pick up a book listing the Fair market value in a store. Usually these are free.


What is FMV stands for?

Fair Market Value


Is fair market value and current market value the same?

Fair market value and current market value are often used interchangeably, but they can have different implications. Fair market value refers to the price that a knowledgeable buyer and seller would agree upon in an open market, considering all relevant factors. Current market value, however, typically reflects the price at which an asset could be sold in the present market, which may be influenced by recent transactions or market trends. Therefore, while related, they are not necessarily the same.


What is the property tax rate in British Columbia?

Property Transfer Tax RatesThe amount of tax due depends on the fair market value of the property that is transferred:If the fair market value is $200,000 or less, the tax is 1% of the fairmarketvalue.If the fair market value is greater than $200,000, the tax is 1% of the fairmarket value up to $200,000, plus 2% on the portion of the fair market value that is greater than $200,000.For example:if fair market value of property is $150,000tax payable is: 1% of $150,000 = $1,500if fair market value of property is $250,000 tax payable is: 1% of $200,000 = $2,000 plus 2% of $50,000 = $1,000 for total tax payable of $3,000


What is the value of a Westward Journey Nickel Set?

FAIR MARKET VALUE ABOUT $2-$3 . fAIR RETAIL ABOUT $5


What is Book value vs fair value?

Book value is the value of asset shown in financial statements while fair value is the value at which asset can be sold in market