Arizona § 28-7091 - Definition of market value
Full text of Arizona Arizona Revised Statutes § 28-7091 — Definition of market value, with citation guidance and answers to common questions.
§ 28-7091. Definition of market value
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.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 28-7091
What does Arizona Revised Statutes § 28-7091 cover?
Section 28-7091 ("Definition of market value") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 28-7091?
A common citation format is "Arizona Revised Statutes § 28-7091" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 28-7091 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.