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Market Value: What Does It Really Mean?

Market Value: What Does It Really Mean?

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eerReieed Article 206 The Appraisal Journal • Summer 2018 www.appraisalinstitute.org Introduction 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

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