Definition of Appraisal value:
The estimated monetary value of something; specifically the estimated value of a company, based on a calculation of future as well as current profits.
Appraisers 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.
Meaning of Appraisal value & Appraisal value Definition