GroundRules
Ala. Code § 18-1A-172: Fair Market Value Defined.
Where this section sits in the code
- Title 18 Eminent Domain.
- Chapter 1A Eminent Domain Generally.
- Article 10 Compensation.
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.
Collected 2026-09-03T14:01:51Z. Source file · JSON