CALIFORNIA EVIDENCE: CIVIL AND CRIMINAL
...Opinion & Scientific Evidence
......Forensic Issues
.........Valuation of Property
............In General - Fair Market Value
5 Cards On This Topic:

FMV defined.

Opinion evidence admissible on property values.

Statutory definition of FMV.

Court erred in excluding valuation expert's opinion testimony where it was consistent with legal valuation standard and adequate evidentiary foundation laid.

Probate sales properly considered in determining FMV based upon comparable sales method.