§ 703. Fair market value.
111 words·~1 min read·
/pa/title-26/chapter-7/703A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 703. Fair market value.
Fair market value shall be the price which would be agreed to by a willing and informed seller and buyer, taking into consideration but not limited to the following factors:
(1)The present use of the property and its value for that use.
(2)The highest and best reasonably available use of the property and its value for that use.
(3)The machinery, equipment and fixtures forming part of the real estate taken.
(4)Other factors as to which evidence may be offered as provided by Chapter 11 (relating to evidence).
26c703v
Cross References. Section 703 is referred to in section 521 of this title.
26c704s