42 USC 2323 – Basis of appraisal
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Except for lots sold pursuant to the provisions of section 2347(a) of this title, the appraised value shall be the current fair market value of the Government’s interest in the property.
Terms Used In 42 USC 2323
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.