Alabama Code 18-1A-195. Opinion of owner as to value
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Terms Used In Alabama Code 18-1A-195
- 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.
- property: includes both real and personal property. See Alabama Code 1-1-1
The owner may consider any nonconjectural matters in forming his opinion as to the fair market value of his property.