What factors must a city consider when determining fair market value for a residential property?
California, United States of America
The following excerpt is from Japanese Vill., LLC v. L. A. Cnty. Metro. Transp. Auth., B283415 (Cal. App. 2018):
those factors, including lawful legislative and administrative restrictions on property, which a buyer would take into consideration in arriving at the fair market value.'" (City of Perris v. Stamper (2016) 1 Cal.5th 576, 599.)
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