Property Valuation Terms

verb to assess the value or quality of something

• The manager will appraise the employee's performance during the annual review.
• I need to appraise this antique before deciding to buy it.
• I'll appraise the situation and let you know what I think.
• It's important to appraise your own strengths and weaknesses in order to improve.

verb to evaluate or determine the value, significance, or extent of something

• The students' performance will be assessed through a series of exams and assignments.
• I heard that our work will be assessed based on how well we present it.
• I hope the teacher doesn't assess us too harshly on this project.
• The situation was carefully assessed before making a decision.

noun a word (other than a pronoun) used to identify any of a class of people, places, or things

adverb a word or phrase that modifies or qualifies an adjective, verb, or other adverb

preposition a word governing, and usually preceding, a noun or pronoun and expressing a relation to another word or element in the clause

article a word that is used with a noun to specify grammatical definiteness of the noun

• The estimated cost of the project is in the neighborhood of $1 million.
• I heard the new restaurant's prices are in the neighborhood of $20 for a meal.
• I'm thinking we'll need to drop in the neighborhood of $50 on drinks tonight.
• Her intelligence is definitely in the neighborhood of genius level.