Indiana § 29-1-15-14 Fair market value; appraisal; reappraisal

Indiana Statutes

§ 29-1-15-14 — Fair market value; appraisal; reappraisal

Indiana § 29-1-15-14

Art. 1PROBATE CODE

Ch. 15Sales, Mortgages, Leases, Exchanges─Personal and

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Bluebook

Ind. Code § 29-1-15-14 (2026).

Text

The value of the property for the purposes
of a sale of real property pursuant to section 3 and subsequent sections
of this chapter shall be the fair market value filed with the inventory
unless the court directs that the property be appraised or reappraised,
as the case may be. In the event appraisal is ordered by the court, or in
the case of a lease pursuant to such sections of the probate code, the
property shall be appraised at its fair market value or its fair market
rental value, as the case may be, in a manner considered appropriate by
the court.
Formerly: Acts 1953, c.112, s.1514; Acts 1975, P.L.288,
SEC.31.

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The value of the property for the purposes
of a sale of real property pursuant to section 3 and subsequent sections
of this chapter shall be the fair market value filed with the inventory
unless the court directs that the property be appraised or reappraised,
as the case may be. In the event appraisal is ordered by the court, or in
the case of a lease pursuant to such sections of the probate code, the
property shall be appraised at its fair market value or its fair market
rental value, as the case may be, in a manner considered appropriate by
the court.
Formerly: Acts 1953, c.112, s.1514; Acts 1975, P.L.288,
SEC.31.