Definitions for "Full Cash Value"
Arizona Revised Statutes defines Full Cash Value (FCV) as being synonymous with market value. For assessment purposes, Full Cash Value approximates market value except for possible conditions unique to mass appraisal. This value is for the tax year shown at the top of the page.
A property value derived by a county assessor in Arizona, which supposedly equals market value, to which various factors are applied in order to arrive at a tax amount for that property.
The fair market value, determined by standard appraisal methods and techniques.