What is a Date of Death valuation?

Estate tax liability. Disposition of assets. There are many situations where you might need an appraisal of property that states an opinion of what the property was worth on a date some time ago. For estate tax purposes or disposition of the assets, a "date of death" valuation is often required. Real property isn't like publicly traded stock or other items which don't fluctuate in value very much or for which historical public data is available. You need a professional real estate appraiser with a high degree of professionalism, and you need the kind of quality report and work product taxing authorities and courts need and expect.