The appraisal of oil and gas properties for sale or acquisition; financing; and for estate and ad valorem taxes is dependent on the knowledgeable and appropriate use of Fair Market Value (FMV) discount rates. Information from over 200 FMV property acquisitions in California from 1983 through 1994 has been obtained and evaluated to derive the effective FMV discount rate for each transaction. The analysis of the sales is based on acquisition appraisal data provided by the buyers of the properties.

You can access this article if you purchase or spend a download.