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2022 Code of Alabama
Title 18 - Eminent Domain.
Chapter 1A - Eminent Domain Generally.
Article 10 - Compensation.
Section 18-1A-172 - Fair Market Value Defined.
Universal Citation: AL Code § 18-1A-172 (2022)
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.)
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