Elmhurst Cemetery Co. of Joliet v. Commissioner

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that fair market value is usually defined as “the price which property will bring when offered by a willing seller to a willing buyer, neither being obligated to sell or buy”
• the value assigned to property by a buyer and seller dealing at arm’s length is persuasive evidence of its fair market value
• the value assigned to property by a buyer and seller dealing at arm's length is persuasive evidence of its fair market value
• the value assigned to property by a buyer and seller dealing at arm’s length is persuasive evidence of its fair market value

Source: CourtListener parenthetical corpus (CC0).