Definition of Valuation Date

The valuation date is the specific point in time at which the property’s value is assessed. It serves as the basis for determining market conditions, comparable sales, and development potential.

• Reflects prevailing market rates, infrastructure status, and legal standing
  
• Anchors the appraisal to a defined moment for accuracy and consistency

Typical Usage in Appraisals

Appraisals usually use the most recent practical date—either the inspection date or the date when all relevant market data is compiled.

• Commonly aligned with the date of property inspection or title verification
  
• May be retroactive or current depending on client requirements or legal use