appraisal value
Definition
Appraiser's opinion (not determination) of the current worth of a property based on factors such as area, location, improvements, and amenities. Generally, this value is arrived at by using one of three methods: (1) Cost approach, (2) Income approach, or (3) Market comparison approach. Not to be confused with assessed value. Also called appraised value.
email to a friend
print this definition
cite this definition
link to this page
appraisal value is in the Accounting & Auditing, General, Marine, & Life Insurance, Investing and Real Estate & Buildings subjects.
appraisal value appears in the definitions of the following terms: amenities, income approach, market approach, assessed value, appraisal, cost approach and appraised value
This content can be found on the following page:
http://www.businessdictionary.com/definition/appraisal-value.html