Regulations on Real Estate Appraisal Article 121
The valuation of mortgage should be based on the normal value of the subject property on the date of value opinion. On the basis of the actual mortgage amount, adjustments are made after taking into account factors such as other mortgages on the same property, liquidity, risk, appreciation, the difficulty of implementation and etc. to arrive at the final appraised value.
中文原文 不動產估價技術規則第121條
抵押權估價，應估計價格日期當時勘估標的正常價格，以實際債權額為基礎，考慮其他順位抵押權設定狀況、流通性、風險性、增值性及執行上之難易程度等因素調整估計之。