What is the difference between market value and fair market value?

Related FAQs

What is the difference between a legislative taking and an administrative taking?
Are there any restrictions on the type of property subject to eminent domain?
What is a declaration of taking?
What is the difference between market value and fair market value?
What is the timeline for payment of compensation for a taking?
Can my property be taken if I do not receive fair compensation?
Does eminent domain apply to all types of property?
Are there any restrictions on the use of eminent domain power?
How can I challenge an eminent domain action?
Can private individuals use eminent domain?

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