Appraisal (definition)
| A determination of property value. | ||
| Federal Law | ||
| means a written statement independently and impartially prepared by a qualified appraiser setting forth an opinion of defined value of an adequately described property as of a specific date, supported by the presentation and analysis of relevant market information 42 USC 4601 | ||
| State Law | ||
| Arizona | ||
| means the act or process of developing an opinion of the value of real property in conformance with the uniform standards of professional appraisal practice published by the appraisal foundation, or any other definition used in state or federal laws Arizona Laws 32-3661 | ||
| means the development of real or personal property valuation or legal classification opinions or conclusions Arizona Laws 32-3651 | ||
| California | ||
| means a written statement independently and impartially prepared by a qualified appraiser setting forth an opinion of defined value of an adequately described property as of a specific date, supported by the presentation and analysis of relevant market information California Government Code 7260 | ||
| Delaware | ||
| shall mean an analysis, opinion, or conclusion relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real estate as of a specific date Delaware Code Title 24 Sec. 4002 | ||
| Hawaii | ||
| means a written statement, independently and impartially prepared by a qualified appraiser who meets qualification criteria established by the State, setting forth an opinion of the fair market value of adequately described property as of a specific date, supported by the presentation and analysis of relevant market information Hawaii Revised Statutes 113-5 | ||
| Indiana | ||
| has the meaning set forth in Indiana Code 25-34.1-11-1 | ||
| means an estimation that:
Indiana Code 24-5-23.5-1 |
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| Kansas | ||
| has the meaning specified in Kan Kansas Statutes 58-4703 | ||
| Louisiana | ||
| means the act or process of developing an opinion of value of real property following the appraisal process defined by the Uniform Standards for Professional Appraisal Practice Louisiana Revised Statutes 37:3415.2 | ||
| which means the use or administration of tests of language, educational and achievement tests, adaptive behavioral tests, and symptoms screening checklists or instruments, as well as tests of abilities, interests, and aptitudes for the purpose of counseling persons in coping with or adapting to, changing life situations that are due to problems in living Louisiana Revised Statutes 37:1103 | ||
| Maine | ||
| means an analysis, opinion or conclusion prepared by a real estate appraiser related to the nature, quality, value or utility of specified interests in, or aspects of, identified real property Maine Revised Statutes Title 32 Sec. 14002 | ||
| Michigan | ||
| means an expert opinion of the value of property taken or damaged, or other expert opinion pertaining to the amount of just compensation Michigan Laws 213.51 | ||
| means an opinion, conclusion, or analysis relating to the value of real property but does not include any of the following:
(i) A market analysis performed by a person that is licensed under article 25 solely for the purpose of assisting a customer or potential customer in determining the potential sale, purchase, or listing price of real property or the rental rate of real property as long as a fee or any other valuable consideration is not charged for that analysis Michigan Laws 339.2601 |
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| means that term as defined in section 2601 Michigan Laws 339.2661 | ||
| Montana | ||
| means a written statement, independently and impartially prepared by a qualified appraiser, setting forth an opinion of defined value of an adequately described property as of a specified date and supported by the presentation and analysis of relevant market information Montana Code 70-31-102 | ||
| means the practice of developing an opinion of the value of real property in conformance with the uniform standards of professional appraisal practice as developed by the appraisal foundation Montana Code 37-54-102 | ||
| Nebraska | ||
| means (1) as a noun, an opinion of value or the act or process of developing an opinion of value or (2) as an adjective, pertaining to appraising and related functions such as real property appraisal practice Nebraska Statutes 76-2204 | ||
| shall mean a written statement independently and impartially prepared by a qualified appraiser setting forth an opinion of defined value of an adequately described property as of a specific date supported by the presentation and analysis of relevant market information Nebraska Statutes 76-1218 | ||
| North Carolina | ||
| means a written statement independently and impartially prepared by a qualified appraiser setting forth an opinion of defined value of an adequately described property as of a specific date, supported by the presentation and analysis of relevant market information North Carolina General Statutes 133-7 | ||
| Ohio | ||
| means the act or process of developing an opinion of value of real property in conformity with the uniform standards of professional appraisal practice Ohio Code 4763.01, Ohio Code 4768.01 | ||
| Rhode Island | ||
| means an analysis, opinion, or conclusion relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real estate Rhode Island General Laws 5-20.9-2 | ||
| South Carolina | ||
| means of or pertaining to appraising and related functions including, but not limited to, appraisal practice and appraisal services South Carolina Code 40-60-20 | ||
| Tennessee | ||
| means the act or process of developing an opinion of value of identified real estate Tennessee Code 62-39-402, Tennessee Code 62-39-102 | ||
| Utah | ||
| means an analysis, opinion, or conclusion relating to the nature, quality, value, or utility of a specified interest in, or aspect of, identified real estate or identified real property Utah Code 61-2g-102 | ||
| means the same as that term is defined in Section 61-2g-102 Utah Code 61-2e-102 | ||
| Vermont | ||
| means an analysis, opinion, or conclusion relating to the value of specified interests in or aspects of identified real estate or identified real property | ||
| means the identification, classification, and analysis of all public records, regardless of physical form or characteristics, to determine their value and ultimate disposition, based upon their legal, administrative, or informational value | ||
| Virginia | ||
| means a written statement independently and impartially prepared by a qualified appraiser setting forth an opinion of defined value of an adequately described property as of a specific date, supported by the presentation and analysis of relevant market information Virginia Code 25.1-100 | ||
| means an analysis, opinion, or conclusion relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real estate or identified real property Virginia Code 54.1-2009 | ||
| Washington | ||
| means a written statement independently and impartially prepared by a qualified appraiser setting forth an opinion of defined value of an adequately described property as of a specific date, supported by the presentation and analysis of relevant market information Washington Code 8.26.020 | ||
| West Virginia | ||
| means an analysis, opinion, or conclusion prepared by a real estate appraiser relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real estate or identified real property West Virginia Code 30-38-3, West Virginia Code 30-38A-3 | ||