Fair property valuation – This term describes the method of obtaining the hypothetical most probable value that could be obtained for a concrete real estate by average, informed real estate buyers. In Bulgaria currently there are no regulations about the fair market value – it is that much, as much the purchaser is prepared to pay. On the other hand, for the purposes of the Bulgarian transaction, there is Tax valuation price, below which minimum a price of the property can not go dawn. The fair-value accounting methods have been established in the Bulgarian Act for local taxes and charges.