What is the definition of market value of a property?

Market value of a property refers to the most probable price a property would receive in the current market. Option A is not correct because it implies that market value is always the highest possible price, which is not always the case. Option B is incorrect because it is subjective and based on the seller's hopes rather than the actual market value. Option D is also not correct because assessed value for tax purposes may not reflect the true market value of a property.