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PERTINENT DATA(cont.) <br /> ASSESSED VALUATION: <br /> PARCEL NO. 71-08-10-180-044.000-026 <br /> Land $ 25,100 <br /> Improvements 259,700 <br /> Total $284,800 <br /> ( Taxes: I have checked with the Treasurer's Office, and they have informed me that this <br /> property is tax exempt so there are no taxes due or payable. <br /> Date of Inspection: <br /> The subject property was inspected on July 7,2015. <br /> Date ofAppraisal: <br /> The date upon which this appraisal applies is July 7,2015. <br /> Purpose of the Appraisal: <br /> I The purpose of the appraisal is to estimate the fair Market Value of the subject <br /> property. Market value is defined as: <br /> The most probable price which a property should bring in a competitive and open <br /> market under all conditions requisite to a fair sale, the buyer and seller, each acting <br /> prudently,knowledgeably,and assuming the price is not affected by undue stimulus. <br /> Implicit in this definition are the consummation of a sale as of a specified date and <br /> the passing of title from seller to buyer under conditions whereby: <br /> 1. buyer and seller are typically motivated; <br /> 2. both parties are well informed or well advised and each acting in what he <br /> considers his own best interest; <br /> 3. a reasonable time is allowed for exposure in the open market; <br /> 4 <br />