IVS-Defined Basis of Value

· Market Value

· Market Rent

· Equitable Value

· Investment Value/Worth

· Synergistic Value

· Liquidation Value

Other Basis of Value

· Fair Value (International Financial Reporting Standards)

· Fair Market Value (Organisation for Economic Co-operation and Development (OECD))

· Fair Market Value (United States Internal Revenue Service)

· Fair Value (Legal/Statutory) in different jurisdictions

Premise of Value/Assumed Use

· Highest and Best Use

· Current Use/Existing Use

· Orderly Liquidation

· Forced Sale

European Valuation Standards

· Market value

Other valuation bases

· Fair value

· Special value

· Investment value

· Mortgage lending value

· Insurable value

· Value for local and national taxation purposes

· Value for compulsory purchase and/or compensation

Business Valuation Standards (2020)

· Market value

Other valuation bases

· Fair value for financial reporting

· Investment value

· Liquidation value

· Liquidation value on an orderly sale basis

· Liquidation value on a forced sale basis