Property Valuation
/ˈprɒpərti ˌvæljuˈeɪʃən/
Definitions
- (n.) The process of estimating the monetary value of real estate or other assets for legal and financial purposes.
The court ordered a property valuation to determine fair compensation.
- (n.) A formal report or appraisal that documents the estimated value of property for taxation, sale, or litigation.
The property valuation report was submitted as evidence in the dispute.
Forms
- property valuations
Related terms
See also
Commentary
Property valuation is key in disputes, taxation, and transactions; clarity on appraisal standards is critical in drafting related clauses.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.