Ala. Code § 18-1A-172
Current with legislation from 2024 effective through May 17, 2024.
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.
Ala. Code § 18-1A-172 (1975)