Pennsylvania § 703 Fair market value

Pennsylvania Statutes

§ 703 — Fair market value

Pennsylvania § 703

Title 26EMINENT DOMAIN

Ch. 7JUST COMPENSATION AND MEASURE OF DAMAGES

This text of Pennsylvania § 703 (Fair market value) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

26 Pa. Cons. Stat. § 703 (2026).

Text

Fair market value shall be the price which would be agreed to by a willing and informed seller and buyer, taking into consideration but not limited to the following factors:

(1)The present use of the property and its value for that use.

(2)The highest and best reasonably available use of the property and its value for that use.

(3)The machinery, equipment and fixtures forming part of the real estate taken.

(4)Other factors as to which evidence may be offered as provided by Chapter 11 (relating to evidence).

Free access — add to your briefcase to read the full text and ask questions with AI

Fair market value shall be the price which would be agreed to by a willing and informed seller and buyer, taking into consideration but not limited to the following factors:

(1) The present use of the property and its value for that use.

(2) The highest and best reasonably available use of the property and its value for that use.

(3) The machinery, equipment and fixtures forming part of the real estate taken.

(4) Other factors as to which evidence may be offered as provided by Chapter 11 (relating to evidence).