23 MAC Pt. 103, R. 1.26

Valuation of Resources

Year: 2026Length: 60 wordsOfficial source

Cite as 23 Miss. Admin. Code Pt. 103, R. 1.26

Valuation of Resources. A. The value of a resource is the amount of an individual’s or couple’s equity in it. As indicated in the definitions section, the equity value (EV) of a resource is its current market value (CMV) less any encumbrance(s). The pay-off amount for each encumbrance on the property is used in the calculation of its equity value.
23 MAC Pt. 103, R. 1.26: Valuation of Resources | Justis AI