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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For the community in Marin County with this name, see Shafter, Marin County, California. Shafter is a city in Kern County, California, United States. It is located 18 miles (29 km) west-northwest of Bakersfield. The population was 16,988 at the 2010 census, up from 12,736 at the 2000 census. The city is located along State Route 43.