Transcription of Market Value: What Does It Really Mean? - Appraisal Institute
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Market Value: What Does It Really Mean? - Appraisal Institute
Peer-Reviewed Article206 The Appraisal Journal Summer 2018 of value is integral to real estate valu - ation and is one of several assignment elements identified in the Uniform standards of Profes-sional Appraisal Practice (USPAP).1 While there are many types of value (assessed value, business value, disposition value, insurable value, invest-ment value, liquidation value, public interest value, use value, etc.), Market value is the subject of most Appraisal assignments. Whether the term is Market value or fair Market value is of little practical consequence, as noted in an eminent domain decision by the Supreme Court where the Court observed the term fair hardly adds anything to the phrase Market value.
Definition of value is integral to real estate valu-ation and is one of several assignment elements identified in the Uniform Standards of Profes-sional Appraisal Practice (USPAP). 1 While there are many types of value (assessed value, business value, disposition value, insurable value, invest-ment value, liquidation value, public interest
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