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Fair cash value has been determined by the Massachusetts Supreme Judicial Court as ”fair market value” which is the price an owner willing but not under compulsion to sell ought to receive from one willing but not under compulsion to buy. It means the highest price that a normal purchaser not under peculiar compulsion will pay at the time, and cannot exceed the sum that the owner after reasonable effort could obtain for this property. A valuation (price) limited to what the property is worth to the purchaser is not market value. The fair cash value is the value the property would have on January first or any taxable year in the hands of any owner, including the present owner. (Boston Gas Co. v. Assessors of Boston, 334 Mass. 549, 566 (1956).
Among the numerous factors to be considered that will cause values to differ are location, condition, size, quality, number of baths, basement, finished garages and many others.
The best evidence that could be considered would be a recent sale price of your property. The next best evidence would be recent sales prices of properties that are similar to yours. The close in similarity and proximity, the better the evidence.
Another type of evidence that could be considered would be recent appraisal of your property.