Appraisal: Professional estimate or opinion of the value of property, as of a stated date.
Definition of 'Appraisal'
Definition of 'Mass Appraisal'
Mass Appraisal: A systematic appraisal of a universe of properties, as of a give date, derived through means that can be statistically tested.
Definition of 'Appraised Value'
Appraised Value: An appraiser's opinion of value which is based upon an interpretation of facts and judgments and processing those into an estimate of value.
Definition of 'Assessed Value'
Assessed Value: An appraiser's estimate of market value before deductions for applicable exemptions