City of Commerce Date of Death Valuation for Real Estate, Property Tax Appraisal

City of Commerce Date of Death Valuation for Real Estate, Property Tax Appraisal Dave Collins Property Appraiser Logo

Based near City of Commerce, Collins and Associates provides Date of Death Valuation for Real Estate and Property Tax Appraisals. When calculating the date of death valuation for federal estate tax purposes, there are two different values that can be used: the date of death value and the alternate valuation date value.

City of Commerce Date of Death Valuation for Real Estate

The date of the death valuation is the fair market value of the assets valued on the decedent’s actual date of death, including:
– Bank, investment and retirement accounts
– Personal effects, business interests and real estate

For publicly traded stocks, he average of the high and low prices on the date of death multiplied by the number of shares the decedent owned is used. If the death occurs on a day when the stock market is closed, then the average prices for the stock on the trading days immediately before and after the date of death are used.

For personal effects, business interests and real estate, the appraised fair market value on the date of death is used.

City of Commerce Alternate Valuation Date

The alternate valuation date value is the fair market value of the all of assets included in the decedent’s gross estate six months after the date of death. Under the Internal Revenue Code, the Personal Representative is allowed to choose whether to use the date of death values or the alternate valuation date values.

Why would the Personal Representative choose the alternate valuation date values instead of the date of death values? Because if one or more of the estate assets have lost a significant amount of value during the six months after death, then the estate tax bill can be reduced. If the alternate valuation date values are used, however, then all of the assets must be revalued, not just ones that have gone down in value.

City of Commerce Property Tax Appraisal

Collins and Associates provides dependable and accurate appraisals in City of Commerce, Los Angeles County, Southern California and beyond. Principal David R. Collins is a licensed Certified General Appraiser (G.A.A., S.C.R.E.A.) with over 40 years of experience. We are an appraiser of commercial, industrial, land, income residential, and residential properties, providing the type of reliable values that banks and major lending institutions require for loans.

562.694.4920 – Call for more information and FREE CONSULTATION

City of Commerce CA Commercial Real Estate & Home Property Appraiser

City of Commerce CA Car Wash Valuations, Appraisals
City of Commerce CA Date of Death Valuation, Property Tax Appraisal
City of Commerce CA Fast Food Franchise Business Valuations, Appraisals
City of Commerce CA Hotel – Motel Business Valuations, Appraisals
City of Commerce CA Property Tax Assessment Appeals
City of Commerce CA Real Estate Appraisal Review
City of Commerce CA Real Estate Expert Witness Testimony, Property Appraiser for Divorce
City of Commerce Restricted Use Appraisal Report, Review For Single User
City of Commerce California Eminent Domain Just Compensation Appraisal

City of Commerce Hospital & Medical Office Building Appraisal for Healthcare Property

Collins and Associates LogoCollins and Associates
City of Commerce, CA
Phone: 562.694.4920

Contact Person:
City of Commerce Real Estate Property AppraiserCity of Commerce Date of Death Valuation for Real Estate, Property Tax Appraisal 5 15