What Is a Date-of-Death Appraisal?

A date-of-death appraisal is a retrospective opinion of value with an effective date corresponding to the property owner’s date of death. The inspection and report may be completed later, but the analysis reflects market conditions as of that historical date.

Why it may be needed

Trustees, executors, beneficiaries, attorneys, and tax professionals may need a supported historical value for estate administration, probate, asset distribution, or tax-basis documentation.

What the appraiser analyzes

The appraiser researches sales and market conditions that were relevant as of the retrospective effective date. Current property observations may still be important, along with information documenting the property’s condition and improvements on the historical date.

Helpful records

Photos, renovation records, prior listings, permits, inspection reports, and information from people familiar with the property can help establish its condition as of the date being analyzed.