The International Valuation Standards market value basis of valuation is consistent with other discussions of market value in professional standards. USPAP itself does not contain a citable definition of market value. It describes market value instead.
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Sponsored Topics. Somerset is a census-designated place and unincorporated area located at the easternmost section within Franklin Township, in Somerset County, New Jersey. As of the 2000 United States Census, the CDP population was 23,040. Somerset housed one of the first Marconi Wireless Stations in the United States.