FVR = Fair Value Rating
The fair value rating per acre. In the sample assessment sheet the fair value rating calculated to $263.03 per acre. The fair value rating per acre is not the appraisal level of arable land in the area. It is a value determined through following the applications of rules in the Saskatchewan Assessment Manual and may be higher or lower than the current selling price of farmland.
Final Rtg. x Prov. Factor = FVR
45.35 x 5.80 = 263.03