145. The value of property is equal to the property’s market value.
The net value of property is equal to its value less the value of any real rights encumbering the property;
The value of a residence is the value of the house and the land on which it is built.
The value of a farm is the value of the land, buildings, livestock and implements.
Despite the first paragraph, the value of an immovable entered on the assessment roll of a municipality is equal to the value indicated on the roll, multiplied by the comparative factor of the roll, in accordance with the Act respecting municipal taxation (chapter F-2.1).