An appraisal that estimates the market value of a property as of a specific date in the past, rather than the current date. The appraiser analyzes historical market data, comparable sales, listings, and economic conditions that were known or reasonably knowable as of the effective date of value.
Retroactive appraisals are commonly used for estate and probate matters (such as determining date-of-death value), divorce or partnership dissolution, bankruptcy proceedings, tax appeals, litigation, and financial reporting or audits that require a historical value.
An appraisal that estimates the market value of a property as of a specific date in the past, rather than the current date. The appraiser analyzes historical market data, comparable sales, listings, and economic conditions that were known or reasonably knowable as of the effective date of value.
Retroactive appraisals are commonly used for estate and probate matters (such as determining date-of-death value), divorce or partnership dissolution, bankruptcy proceedings, tax appeals, litigation, and financial reporting or audits that require a historical value.
