This page within Virginia Tort Case Law is a compilation of cases reported by the Virginia Supreme Court and summarized by Brien Roche dealing with the topic of Property Damage-Market Value. For more information on property damage see the pages on Wikipedia.
Property Damage Market Value-Statutes
See Va. Code § 8.2-724 indicating that market quotations may be admitted as evidence of value.
Property Damage Market Value-Cases
1981 Harkins, Inc. v. Reynolds Ass’n, 221 Va. 1128, 277 S.E.2d 222.
Opinion of value may be based on value at previous time if not too remote.
1960 Gertler v. Bowling, 202 Va. 213, 116 S.E.2d 268.
Evidence of original cost of item is admissible on issue of value since allowance can be made for depreciation.
1956 Haynes v. Glenn, 197 Va. 746, 91 S.E.2d 433.
Owner may testify as to value of property, regardless of his knowledge of property values. He is deemed qualified by reason of his relationship as owner to give estimates of value of what he owns. Weight of such testimony is, of course, affected by his knowledge of value.
1953 Wine v. Beach, 194 Va. 601, 74 S.E.2d 149.
Where witness has testified as to what property was worth on day of sale, there was presumption that he was speaking of market value since there was no objection.
