Ala. Code § 18-1A-172
Current through the 2024 Regular Session.
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.
Ala. Code § 18-1A-172 (1975)