Remove Estate Tax Remove Insurance Policy Remove Retail Replacement Value
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Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

You may also see this level of the market described as “replacement cost,” which is a term used by the International Society of Appraisers. Actual Cash Value is Retail Replacement Value minus depreciation, which can be a deduction made for age, damage, or another factor. The next level is Fair Market Value.