Market Value Law and Legal Definition
Market value is defined as “the price which a reasonable seller who desires to sell but is not required to sell would demand for the property and the price which a reasonable buyer who desired to buy but was not required to buy would pay for the same.” United States v. 32.42 Acres of Land, 2009 U.S. Dist. LEXIS 68626 (S.D. Cal. Aug. 6, 2009)
