The purchase price is based on the open market value of the property.
The lender or owner will often try to tell you the market value of the home.
The demands for reimbursement at par represented a sum of only 187,588 and the market value of the stock was hardly affected; while the saving to the Treasury was to be 800,000 per annum for the first five years and about double the amount afterwards.
The redemption was not calculated on the value of the allotments of land, but was considered as a compensation for the loss of the compulsory labour of the serfs; so that throughout Russia, with the exception of a few provinces in the S.E., it was - and still remains, notwithstanding a very great increase in the value of land - much higher than the market value of the allotment.
The state owned, in 1909, 30,002 shares of stock in the North Carolina Railroad Company,' with a market value (1907) of $5,580,372 (the stock being quoted at 186), and an annual income of $210,014 and 12,666 shares of stock in the Atlantic & North Carolina Railroad Company, from which the annual income is $31,665.
