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6 <br /> What is market value ? <br /> • N . C . General Statute 105-283 defines market <br /> value as "the price estimated in terms of money <br /> at which the property would change hands <br /> between a willing and financially able buyer and <br /> a willing seller, neither being under any <br /> compulsion to buy or to sell and both having <br /> reasonable knowledge of all the uses to which <br /> the property is adapted and for which it is <br /> capable of being used . <br /> ORANGE COUNTY <br /> 4 NORTH CAROLINA <br />