Uniform Federal Accessibility Standards (UFAS)

FULL AND FAIR CASH VALUE.

Full and fair cash value is calculated for the estimated date on which work will commence on a project and means:

(1) The assessed valuation of a building or facility as recorded in the assessor's office of the municipality and as equalized at one hundred percent (100%) valuation, or

(2) The replacement cost, or

(3) The fair market value.