Alabama Statutes
§ 18-1A-172 — Fair Market Value Defined
Alabama § 18-1A-172
This text of Alabama § 18-1A-172 (Fair Market Value Defined) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 18-1A-172 (2026).
Text
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.
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Legislative History
(Acts 1985, No. 85-548, p. 802, §1003.)
Nearby Sections
15
§ 18-1A-1
Short Title§ 18-1A-130
Discovery and Pretrial Conferences§ 18-1A-153
Burden of Proof§ 18-1A-172
Fair Market Value Defined§ 18-1A-174
Highest and Best Use, a Jury IssueCite This Page — Counsel Stack
Bluebook (online)
Alabama § 18-1A-172, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/18-1A-172.