Section 18-1A-172 Fair market value defined.
Section 18-1A-172
Fair market value defined.
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.
(Acts 1985, No. 85-548, p. 802, §1003.)