What is the fair market value of my property?

When it comes to eminent domain law in Nebraska, the fair market value of your property is usually the amount a willing buyer would pay to a willing seller for your property in its current condition and its current use. To determine the fair market value, the court will usually look at the value of other similar properties in the area, as well as the value of the particular property in question. In some cases, the court may also consider the opinion of both the buyer and seller regarding the value of the property. However, in some cases, the court may also consider the current and potential uses of the property, as well as its potential for development. Additionally, the court may consider any environmental or zoning restrictions associated with the property that could reduce its value. It is important to note that the fair market value will be determined by the court and may be different from the appraisal value of the property. The appraisal value is generally based on a formula or market trends and is not a guarantee of the fair market value. Therefore, if you believe the fair market value of your property is greater than the appraisal value, a lawyer specializing in eminent domain law in Nebraska can help you ensure that your rights are protected.

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What is the fair market value of my property?

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