Fair Market Value
Fair market value is the price an asset would sell for between a willing buyer and a willing seller, with neither under pressure to act. In a Florida divorce, this standard is used to value the marital home, vehicles, businesses, and other property so they can be divided fairly. Appraisers or financial experts are often hired to establish fair market value for larger or harder-to-value assets.
Last updated June 21, 2026
Legal Definition
The price at which property would change hands between a willing, informed buyer and seller under no compulsion to transact; the standard generally applied to value marital assets for equitable distribution under F.S. §61.075.
Example
An appraiser set the fair market value of the marital home so the spouses could divide its equity.
Related Statutes
- 61.075
Related Terms
Ready to move forward?
If you and your spouse agree, our $750 flat-fee uncontested divorce is attorney-prepared and attorney-reviewed before filing.