Arizona § 28-7091 Definition of market value

Arizona Statutes

§ 28-7091 — Definition of market value

Arizona·Title 28 Arizona Revised Statutes·Ch. 20 STATE HIGHWAYS AND ROUTES·Art. 6 Land Purchase, Sale and Condemnation

For the purposes of this article, "market value" means the most probable price estimated in terms of cash in United States dollars or comparable market financial arrangements that the property would bring if exposed for sale in the open market, with reasonable time allowed in which to find a purchaser, buying with knowledge of all of the uses and purposes to which it was adapted and for which it was capable.

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For the purposes of this article, "market value" means the most probable price estimated in terms of cash in United States dollars or comparable market financial arrangements that the property would bring if exposed for sale in the open market, with reasonable time allowed in which to find a purchaser, buying with knowledge of all of the uses and purposes to which it was adapted and for which it was capable.

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