True cash value

True cash value,

Definition of True cash value:

  1. The market value of a property as determined by the amount a willing buyer would pay to a willing seller under normal negotiating conditions. Only those factors that can reasonably be expected to affect the outcome of a negotiated price can be considered in arriving at the true cash value. Also called the usual selling price which is distinct from the actual selling price of a property.

Meaning of True cash value & True cash value Definition