28-7091. Definition of market value
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/az/title-28/28-7091A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the purposes of this article, "market value" means the most probable price estimated in terms of cash in United States dollars or comparable market financial arrangements that the property would bring if exposed for sale in the open market, with reasonable time allowed in which to find a purchaser, buying with knowledge of all of the uses and purposes to which it was adapted and for which it was capable.