Affidavit of Value

An Affidavit of Value is a legal document that provides an official statement about the value of a property or asset. It is often used in real estate transactions to confirm the sale price for tax and legal purposes. The affidavit is signed by the seller or an authorized representative, affirming that the stated value is true to the best of their knowledge. It helps ensure transparency in financial dealings and assists tax authorities in assessing property values. This document is typically required during property sales, ensuring all parties are aware of the property's worth.