The best replacement for fair market value is appraised value.


The best alternatives to fair market value are rated as following:
★★★★★  appraised value
★★★★  assessed value
★★★★  fair value
★★★★  book value
★★  replacement cost
★★  appraisal
★★  historical cost
★★  retail value
★  cost basis
★  adjusted basis
★  selling price
★  historical value
★  basis
★  actual cash value
★  market value
★  carrying value
  insurance value
  taxable market value
  operating lease
  purchase price
  replacement value
  tax assessment
  intrinsic value
  tax assessed value
  net book value
  tax value
  net asset value
  appraisal value

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Google Trends

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fair market value
appraised value
assessed value