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appraisal

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The word appraisal is defined as the act of determining a value of something or the report of that value.

(noun)

An example of the word appraisal is when an individual determines a house value as a result of evaluating the neighborhood and its amenities.
An example of appraisal is the report made outlining the value of the house.

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See appraisal in Webster's New World College Dictionary

noun

an appraising or being appraised
an appraised value or price; esp., an expert valuation for taxation, tariff duty, sale, etc.; estimate

Also appraisement

See appraisal in American Heritage Dictionary 4

noun

The act or an instance of appraising.
An expert or official valuation, as for taxation.

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