431. Column 5. Value of Home, if Owned, or Monthly Rental, if Rented.-If the home is owned, as indicated by the entry "0" in col. 4, enter in col. 5, on the line for the head of the household, the current market value of the home, as nearly as it can be ascertained. Unless the home has been recently purchased, it will be necessary to estimate its value. The estimate should represent the amount for which the home, include (except on a farm) such land as belongs to it, would sell under ordinary conditions not at forced sale. The assessor's valuation, on which taxation is based, is usually not a safe guide.

432. Where a person owns a house with living accommodations for more than one household and his household occupies only a portion of the house, as where the owner of a two-family house rents part to another household, estimate the value of the portion of the house occupied by the owner's household (which for a two-family house may be about one-half the total value), and enter this amount in col. 5 for the owner's household. The entry in col. 5 for the household or households renting a portion of the structure will be the amount paid in monthly rental. Where any considerable portion of the house is used for business purposes, such as a store, deduct the value of this portion - except that the value of one or two rooms used as an office by a dentist, lawyer, or contractor, etc., need not be deducted.

433. For the home of a farm operator who owns, and lives on, his farm (or who owns that part of the farm on which the dwelling stands), obtain an estimate of the value of the dwelling in which he lives, excluding the land on which it is built. (This figure should represent a reasonable fraction of the value of all farm buildings reported on the farm schedule.)

434. Make it clear to your informant that the values returned on the census schedule are not to be used in any way in connection with taxation and are not open to public inspection.