No value opinion can have meaning without first being defined. The intended use of an appraisal dictates which definition of market (or other) value is applicable to a specific assignment. Example: Market Value and fair market value are not the same thing.
Somerset County is a county located in the U.S. state of New Jersey. As of the 2010 United States Census, the county's population was 323,444, increasing by 25,954 (+8.7%) from the 297,490 counted in the 2000 Census, retaining its position as the state's 13th-most populous county.
See Somerset County's property tax bills from 2013. TRENTON â The average property tax bill in Somerset County last year was $9,083 â a 1.3 percent increase from 2012 â according to new data released by the state Department of Community Affairs. Somerset saw the fifth-highest average bill of New Jersey's 21 counties.