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Fair market value - 26 Pa. Cons. Stat. § 703

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     § 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).

        Cross References.  Section 703 is referred to in section 521
     of this title.

Last modified: November 27, 2007