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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Somerset is located at 39Â°48â²25â³N 82Â°18â²4â³Wï»¿ / ï»¿39.80694Â°N 82.30111Â°Wï»¿ / 39.80694; -82.30111 (39.806902, -82.301250). According to the United States Census Bureau, the village has a total area of 1.16 square miles (3.00 km 2), all land. As of the census of 2010, there were 1,481 people, 613 households, and 354 families residing in the village. The population density was 1,276.7 inhabitants per square mile (492.9/km 2).