Rule 18-14-16.5 - Value of Non-excluded Recreational VehiclesA. Fair market value is the current value of the recreational vehicle.B. Equity value is the fair market value minus encumbrances.C. A recreational vehicle may be:1. Counted according to its excess fair market value over $4,650;2. Counted according to its excess fair market value over $4,650 or its equity value, which is higher.D. A household will be allowed to acquire verification of the true value of a vehicle from a reliable source if it does not agree with MDHS' determination of the value of the vehicle.18 Miss. Code. R. 14-16.5