Date-of-Death Value
Property value as of the relevant historical date.
Estate & date-of-death
property appraisals.
ST. LOUIS • KANSAS CITY
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Property value as of the relevant historical date.
Clear reports for estate administration.
A straightforward process and clear communication.
Share a few property details to get started.
We research and analyze the property.
Receive a clear, well-supported report for your records.
When real estate is inherited or becomes part of an estate, having a credible, documented opinion of its value can help families and their professional advisers make informed decisions.
An estate appraisal develops an opinion of a property's value for a stated purpose, such as estate administration, probate, distribution among heirs, or estate planning. The report identifies the property, the valuation date, the analysis performed, and the resulting opinion of value.
A date-of-death appraisal is a retrospective appraisal. It estimates the property's value as of a past date—typically the date the property owner died—rather than what the property may be worth today. The appraiser analyzes market evidence relevant to that effective date.
Why the date matters: Property markets change. A home's value in a prior year can differ significantly from today's value, even if the property itself has changed very little.
Executors and personal representatives may need a documented real estate value for estate inventories, reporting, or distribution decisions.
Inherited property's federal income-tax basis is generally tied to fair market value on the date of death, with exceptions and possible alternate valuation rules. An appraisal may help document value for review by a tax professional.
When multiple beneficiaries inherit an interest in a property, an independent valuation may provide a common starting point for buyouts, distribution, or sale discussions.
Probate attorneys, accountants, trustees, and fiduciaries may request valuation reports as part of their client work, depending on the matter and applicable requirements.
We establish the intended use, intended user(s), property interest, and effective date of value before starting the assignment.
We review applicable property records, market activity, relevant comparable sales, and available information about the property's condition as of the historical date.
The appraisal considers the property's relevant characteristics and appropriate valuation methods, with the scope of work tailored to the assignment.
You receive a written opinion of value, along with the supporting analysis and explanation appropriate to the appraisal assignment.
Often, yes. A retrospective appraisal can analyze available information from a prior date. The scope and reliability of the assignment depend on the historical records and property details available.
Not necessarily. A retrospective appraisal addresses value as of the specified historical effective date, even if the property would sell for a different amount today.
That depends on your circumstances. A current appraisal may help with pricing or distribution decisions, while a date-of-death appraisal may be relevant to estate or tax documentation. Your attorney or tax adviser can help determine which valuation is needed.
Yes. True Value Appraisal serves families and professional representatives in the St. Louis and Kansas City areas, subject to assignment scope and property location.
This page provides general appraisal information, not legal or tax advice. Valuation dates, reporting requirements, and tax treatment should be confirmed with the appropriate attorney or tax professional.