Section 18-1A-172 Fair market value defined. - Alabama Statutes

Section 18-1A-172

Fair market value defined.

The fair market value as used in this chapter shall be defined as the price the property would bring when offered for sale by a willing seller who is not forced to sell and which is sought by a willing buyer who is not required to buy, after due consideration of all the elements affecting value.

(Acts 1985, No. 85-548, p. 802, §1003.)