Evaluation Guide for Thrift Store Donations
Figure the Value of your Donation
Fair market value can be assessed by judging these items against comparable items at used or second-hand stores, which is usually far below the price paid for these items when they were new.
Since there isn't a uniform formula for determining fair market value, below are several publications vailable online.
These guides are informational only and provided as a convenience for donors. Prices are only estimated values.
According to the Internal Revenue Service, fair market value is "the price that a property would sell for on the open market. It's the price that would be agreed on between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant fact." Unfortunately, there is no single formula to determine fair market value. All relevant facts, such as the desirability, use and scarcity of the property donated, must be considered.
When making a donation to the Yarnell Community Center Thrift Store, please make sure to get your Donation Receipt or click to print from home.