Fair Market Value (FMV)

Fair Market Value (FMV) may be determined in several ways.
  1. The first and preferred method is to have property appraised by a licensed appraiser.
  2. Kelly Blue Book
     can be used to determine the FMV for passenger vehicles. TRF-BTS will accept “low”
    Blue Book
     value as reimbursement for the vehicle.
  3. For personal property, such as computer systems or office equipment, written quotes from two local vendors will be acceptable.
  4. FMV, established through a fair market value website, is acceptable.